Russian weekly wheat exports stall as Turkey, Egypt loadings cut

Russian weekly wheat exports fell 38% in the week to March 3 as two key markets for Russian grains reduced loadings, data from the Russian state health agency showed on Friday.

Weekly wheat exports totalled 457,000 mt as wheat volumes for Turkey – the largest buyer of Russian grain – halved to 100,000 mt.

Loadings to Egypt, the second-largest market for Russian grain, fell 64% to 82,000 mt – all of it wheat.

That pushed overall wheat shipments since the start of the 2019/20 marketing year on July 1 to 25.8 million mt, just under 1% below the three-year average.

Corn loadings since the start of 2019/20 marketing year were down 19% from the three-year averages at 2.4 million mt while barley shipments are down 11% at 3 million mt.

Total grain loadings since July 1 are now at 32.3 million mt, down 3% from the three-year average.