In June of the current year, the volume of wheat exports from Russia amounted to 1.12 million tons, which is four times less than the previous year, according to "Interfax" and the report of the Russian Grain Union (RGU). According to the analysis, total grain shipments to international markets in the 2024/25 season decreased by almost a third compared to the previous agricultural year, reaching 46.5 million tons, with wheat specifically decreasing by 28% to 41.5 million tons.
The wheat export quota of 10.6 million tons, in effect from February 15 to June 30, was 83% utilized, according to the union: during this period, 8.8 million tons were exported. Wheat under the export quota was sent to 38 countries. The largest volume—more than 1.7 million tons—was delivered to Egypt. This was followed by Turkey (1.13 million tons), Iran (802 thousand tons), Israel (554 thousand tons), and Sudan (539 thousand tons). Analysts from the company "ProZerno" previously suggested that the export quota might only be utilized up to 75%.
In June, Russian wheat was purchased by 16 countries, in contrast to 49 countries the previous year, as reported by the RGU. The main buyer was Egypt, although the volume of shipments to this country decreased by 4.7 times compared to June of the previous year, amounting to 254 thousand tons. Purchases by Turkey decreased by 3.3 times to 137 thousand tons. Shipments to Algeria fell by 14 times to 33 thousand tons, to Bangladesh by 2.8 times to 55 thousand tons. However, exports to Israel increased by 44% to 104 thousand tons, to Djibouti by 43.5% to 69 thousand tons, and to Sri Lanka almost doubled to 56.5 thousand tons.
According to Elena Tyurina, director of the analytical department at the RGU, the reduction in grain export volumes in the previous season was caused not only by a decrease in export potential but also by an increase in domestic prices: in dollar terms, prices rose by 14%, from $172 per ton at the beginning of the season to $196 per ton by the end. Meanwhile, the price of Russian wheat offers (FOB Novorossiysk) remained stable at $236 per ton. In contrast, prices for European wheat decreased from $237 to $230 per ton over the agricultural year, while the price of American wheat fell from $224 to $217 per ton. The average annual price of European wheat was $239, American wheat was $232, and Russian wheat was $234 per ton, according to Tyurina's data.
