Russia has continued exporting grain to some of its biggest customers, including Egypt, Turkey, and Iran, Bloomberg reported on Thursday, citing the general director of the Moscow-based Institute for Agricultural Market Studies, Dmitry Rylko. Supplies have been maintained despite the surge in shipping costs, he said.
According to Logistics OS, nearly 900,000 tons of wheat have been loaded at Russian ports so far this month, in line with the pace in March. Crop data from AgFlow also showed that Russian exports of key agricultural commodities, including wheat, fell by just 1 million tons over the first 13 days of April, meaning shipments abroad were close to the level for the same period in March.
Last week, the US Department of Agriculture also raised its estimates for Russian wheat exports in the current season to 33 million tons, which is just 2 million tons less than it forecast before the crisis in Ukraine.