Russia Wheat Exports Down in Q1 of 2021 – Russia Export Data Analysis
14 August 2021
Wheat is one of the world’s
most commonly consumed cereal grains. It comes from a type of grass (Triticum)
that is grown in countries around the globe. Wheat is grown on more land area
than any other food crop. Russia has become the world’s leading wheat exporter,
but the country has moved to limit the quantity shipped abroad in an effort to
dampen prices on its home market. Russia’s wheat production remains subject to
the variations in its harsh winters. It is a wheat export heavyweight, aided by
low costs and bumper crops in recent years. Global demand for wheat is rising
due to adhesive properties of gluten proteins, which facilitate the production
of processed foods, whose consumption is increasing due to westernization of
the diet.
Russia’s
Wheat Exports by Quarter Jan 2020-Mar 2021
Russia has been in the top
10 exporters of grain crops, including barley, corn, rye and oats, but
especially wheat. According to Russia
export data of wheat, Russia exported USD 2,484 million worth of wheat
during Jan-Mar 2021, down from USD 4,097 million recorded in the previous
quarter. Russia saw a tremendous growth in exports of wheat in all quarters of
2020. Below given chart shows dollar amount of wheat exports from Russia
recorded from first quarter of 2020 to first quarter of 2021.
Quarter |
Value USD Million |
Jan-Mar |
2,462 |
Apr-Jun |
2,794 |
Jul-Sep |
3,956 |
Oct-Dec |
4,097 |
Jan-Mar |
2,484 |
Russia’s
Top 10 Export Destinations of Wheat
Russia competes with the
European Union for the rank of the world’s largest wheat exporter. Egypt,
Turkey and Bangladesh are the largest buyers of its wheat. Top buyer Egypt
favored European Union and Ukraine grain in its latest tenders including rare
Romanian cargoes. Other major export destinations of Russian wheat are
Azerbaijan, Sudan, Pakistan, Nigeria, Yemen, Tanzania and United Arab Emirates.
Russia
export data shows Russia’s top 10 export partners of
wheat accounted for 68.5% to overall value of shipments in 2020. From data
visualization, analyze share in value of top countries to which Russia supplied
wheat the given year.
Country |
Value USD % |
Egypt |
22.7 |
Turkey |
21.3 |
Bangladesh |
5.2 |
Azerbaijan |
3.6 |
Sudan |
3.6 |
Pakistan |
3.5 |
Nigeria |
2.6 |
Yemen |
2.2 |
Tanzania |
2 |
United Arab
Emirates |
1.8 |
Russia may raise grain
exports by a 3 million tonnes to 51 million tonnes in the 2021/22 marketing
season, which starts on July 1, despite a lower crop. The country is currently
ensuring that all grain isn’t exported, but may consider lifting the shipment measures
once the domestic market stabilizes.