Russia’s 2024-25 wheat exports are expected to total 40.5 MMT, according to Rusagrotrans, down 1.5 MMT from its prior forecast. That includes shipments to Eurasian Economic Union countries – Belarus, Kazakhstan, Kyrgyzstan and Armenia.
The ag railway transport company said 1.95 MMT of wheat was exported by Russia in February, the lowest level for the month in five years. It expects March exports to decline even more, “as the volume of applications at deep-water ports, which typically account for around 80% of total exports, is less than 1 MMT.” Rusagrotrans expects Russia to export 1.5 MMT to 1.6 MMT of wheat this month, which would be the lowest in four years.
Rusagrotrans said it’s possible only 7 MMT of the 10.6 MMT export quota for Feb. 15 to June 30 may be exported. It noted replacing “missing” exports from Russia “will be challenging for the global market over the next four months.”
