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Sales of Russian wheat keep surging amid gloomy export forecasts
Russia has sold 26.3 million tons of wheat since the beginning of July 2020 through January 14 2021, marking a 22.6 percent surge against the same period a year ago, the latest data by the country’s agricultural ministry shows.
Overall, grain exports have totaled 31.5 million tons since the beginning of the season till the middle of January, fixing a 28.8 percent year-on-year growth, according to Federal Customs Service’s figures, which omit data related to mutual trade between the members of the Eurasian Economic Union (EAEU).
Sales of barley more than doubled over the indicated period and totaled 3.7 million tons, while exports of corn soared 21.4 percent to 1.2 million tons.