Russia has replaced Ukraine in the grain rankings
This season, Russia may for the first time become second in the world in terms of grain export volumes, pushing Ukraine into third place. The total supply volume is estimated at 44–48 million tons. A record harvest, good weather and low domestic prices will allow achieving this result, сообщает Kommersant.
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According to the January forecast of the International Grains Council (ICG), this season Russia will for the first time become second in the world in grain exports, Sovecon reported. Ukraine will thus move to third place. MSZ raised the forecast for grain exports (excluding legumes and processed products) from the Russian Federation in the current season by 1,7 million tons, to 43,9 million tons, while at the same time for Ukraine the forecast was reduced by 1,5 million tons, to 41 million tons The leader of the ranking remains the United States, which can export 80,3 million tons of grain this season, including 47,7 million tons of corn.
At the end of last season, Russia ranked fourth in the list of world grain exporters after the United States, Ukraine and Argentina. According to the Ministry of Agriculture, from the beginning of the season until January 17, Russia increased grain shipments by 36,4%, to 29 million tons, compared to the same period of the last agricultural year. Wheat supplies increased by 35,3%, to 22,6 million tons. The main reasons for Russia's rise to second place in grain exports in the world are a record harvest and huge carry-over reserves, which ensured an overall high supply volume, says Sovecon director Andrei Sizov. Export is the main sales channel for the record Russian harvest; the entire infrastructure is already working at the limit of what is possible, notes Dmitry Rylko, general director of the Institute for Agricultural Market Studies.
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