Russian grain export can drop by 16% to 35 mln tonnes — expert
According to the latest data, Russia already exported 23 mln tonnes of wheat.
Russian grain export is forecast to tumble from 42 mln tonnes to 35 mln tonnes due to suspended shipments amid the situation in Ukraine, CEO of ProZerno Company Vladimir Petrichenko told TASS.
According to the latest data, Russia already exported 23 mln tonnes of wheat.
"Export developments may follow two scenarios, the base case and the crisis case. If all that did not took place [developments in Ukraine and sanctions - TASS], export would be 42 mln tonnes, including 33 mln tonnes of wheat. Now, considering the current situation, resumption of supplies is questionable. I believe we will export 27 mln tonnes of wheat instead of 33 in the best case; we will have 35 mln tonnes of grain crops [exported]," the top manager said.
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Russian grain export is forecast to tumble from 42 mln tonnes to 35 mln tonnes due to suspended shipments amid the situation in Ukraine, CEO of ProZerno Company Vladimir Petrichenko told TASS.
According to the latest data, Russia already exported 23 mln tonnes of wheat.
"Export developments may follow two scenarios, the base case and the crisis case. If all that did not took place [developments in Ukraine and sanctions - TASS], export would be 42 mln tonnes, including 33 mln tonnes of wheat. Now, considering the current situation, resumption of supplies is questionable. I believe we will export 27 mln tonnes of wheat instead of 33 in the best case; we will have 35 mln tonnes of grain crops [exported]," the top manager said.
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