In January and February 2023, the volume of Russian wheat supply almost doubled compared to the same period of the previous year, reaching 6.1 million tons. It has been reported Bloombergrefers to the logistics company Logistic OS.
According to Bloomberg, the price of wheat from the Russian Federation was quite low due to last year’s high harvest, which has attracted buyers. It is also noted that this time sales began later – at the end of 2022, at a time when Russian grain was regaining its “competitive advantages”.
According to the agency article, this trend means that shippers are able to overcome the problems with financing and insurance caused by the sanctions against Russia.
It is stated that Russia, which was 26.7 million tons in 2022, sent 29.5 million tons of wheat this season.
It was previously reported that the Ministry of Agriculture is still continuing. not going Before the end of the current agricultural year until 30 June 2023, review the quota for grain exports from Russia.