Russia Monthly Grain Exports Seen Lower on Egypt Economy
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Monthly wheat shipments from Russia, the world’s fifth-biggest wheat exporter, will be lower than in the last two years as the country can’t rely on purchases from top buyer Egypt, according to Moscow-based ZAO Rusagrotrans.
Russia’s monthly grain shipments won’t exceed 3 million metric tons during the new season that starts on July 1, said Igor Pavensky, head of the analytical department at Rusagrotrans, the nation’s biggest carrier of cereals by rail. The largest monthly shipment this season was about 3.2 million tons in September, compared with a record 3.8 million tons in September 2011, according to the company’s data.