Commodities
Russian Wheat Shipments Set to Slow After Record Early Pace
- Exports expected to gradually slow: rail operator Rusagrotrans
- Russia 2023-24 harvest seen 10% smaller than previous year
Russia traditionally exports more of its crop in the first half of the season, from July to December, as ice impedes river navigation later in the winter.
Photographer: Vladimir Nikolayev/AFP/Getty Images
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Top wheat exporter Russia will struggle to maintain its record pace of shipments over the next few months, potentially shoring up languishing global prices.
After matching last year’s record-breaking export volumes in August and September — despite a smaller crop — monthly shipments are expected to gradually slow for the rest of this year before dropping more strongly from January, according to the analytical center of railway operator Rusagrotrans.