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Russia may lose position of world leader in wheatexports

Rosja może stracić pozycję światowego lidera w eksporcie pszenicy

Reduce export forecast

We are lowering our export forecast. Beginning with considering the current situation, we will fail to realize orders for grain in the quantity, about which we talked in summer, that is 52 million tons. We will reduce it under 50 million tons. 47-48 million ton will stand for total exports, of which maximum 41-42 million ton will stand for wheat – said the expert.

There has always been a decline in January, but never two times

he added, that January exports of Russian wheat dropped by half compared with last year.

According Zloczewski, the decline in exports is due to both external risks, which we cannot recover, as and from our own decisions, primarily on export goals for grain.

Russia may lose positions of leader

According to him, introducing export duties in summer 2021 year. has lead to an increase in the price of wheat in the world market.

The price we established in the world market, has led to an increase of wheat in the world. And this has reflected on us by pressing on prices. The crop area of wheat in the world has increased by 1.5 percent. In result we stood at the fact, that the world can go without our wheat. In 2021 the year could not go without it. Now however may – said Zloczewski, not excluding, that Russia may lose position as leader in wheat supplies to the world market.

According to him, a sign of this may be the fact, that world prices have reacted to such factors, as the reduction of export from the Russian Federation.

“Experts, in this with USDA are forecasting a decrease and the price is not growing –

nobody is reacting to this factor, because this is already not a problem. We have achieved the strategic

goal we have put the bomb under our own position in the world market – said the

head

RGU.

 

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