Tuesday, 5 August 2014

Grain exports continue

In the first month of the new marketing year Russia exported 2.8mmt of grains.

That’s an increase of 17.5% compared with the same period last year.

Presumably it’s a case of sell while you still can although long term I can’t see sanctions having any meaningful impact on grain exports from Russia, people have to eat.

Meanwhile in Ukraine sea ports continue to increase grain exports.

According to APK-Inform, last week grain exports increased to 494kmt from the previous weeks 463kmt.