Forkagro Pixel
Trading platform Trading platform
Trading platform

We will connect you with potential partners and help you conclude a profitable deal in the agricultural sector.

Dont miss the opportunity to expand your business and increase your profits.

View applications
Express applications Express applications
Express applications

In the "Express applications" section you can get information about the sale or purchase of agricultural crops. The placement occurs automatically from open sources.

View applications
Fork Work Fork Work
Fork Work

Fork Work brings together experts and professionals in the field of agriculture who are ready to share their knowledge and experience to solve various problems.

More details
"SovEcon" has lowered the forecast for wheat exports from Russia, while prices on the global market are rising.
Cereals
Groats
Stern
Wheat

"SovEcon" has lowered the forecast for wheat exports from Russia, while prices on the global market are rising.

"SovEcon" has lowered the forecast for wheat exports from Russia for the 2024/25 season to 42.2 million tonnes. The forecast for grain exports for the next season has been increased to 38.9 million tonnes. Experts attribute the revision to low shipments and traders' lack of urgency in the quota conditions.

Wheat prices are rising due to low exports, reaching $248 per tonne.

26 February 2025 26 February 2025

The company "SovEcon" has reduced its forecast for wheat exports from Russia in the 2024/25 season to 42.2 million tonnes, which is 0.6 million tonnes less than previously expected. However, the forecast for the export of Russian grains in the next season has been increased by the same amount, to 38.9 million tonnes, as reported by the news agency "Interfax."

Experts explained the revision of the forecast for the current season by low shipments and low profitability of export operations. In February, only 2 million tonnes of wheat were exported compared to 4.1 million tonnes last year and the average for the past five years this month," the experts noted.

It is worth reminding that since February 15, Russia has imposed a quota on wheat exports amounting to 10.6 million tonnes. "SovEcon" points out that large traders, who received a significant share of the quota, are in no hurry to make deliveries, preferring to increase their profitability. As a result, the quota may not be fully utilized, the company "SovEcon" reports.

Analysts also note that the slow pace of exports from Russia has been one of the factors supporting global wheat prices. Thus, since the beginning of this year, prices for Russian wheat (with a protein content of 12.5%) have increased by 12 dollars, reaching $248 per tonne (FOB).

In addition, the company reported that the increase in the forecast for the export of Russian wheat in the 2025/26 season is based on the low pace of exports in the current season and the growth of grain stocks.

 

Audio news of agriculture
Confirm
By continuing to use our site, you consent to the processing of cookies that ensure the proper operation of the site.
Accept all cookies