Russian wheat exports decreased by 29% year-on-year

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According to the results of the first three months of the agricultural year (from July to September) Russia has reduced wheat exports by almost 29% year-on-year. The total volume was 10.9 million tons. This is reported by "Kommersant".

Market experts say the main reason for the decline in purchases is a decrease in interest from foreign buyers in Russian grain amid expectations of a high harvest in the Southern Hemisphere. Also, buyers of Russian wheat are unhappy with high prices and expect them to decrease from the current $ 226 per ton to at least $220.