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Russia reports record exports

Русия съобщава рекорден износ

In the first half of the current agricultural year (from July 1, 2023 to December 31, 2023), Russia exported a record 39 million tons of grain and grain legumes, the Rusagrotrans analytical center reported to TASS.

"Exports of grain, including pulses and flour in the first half of the 2023-2024 season reached a record 39 million tonnes, up 19% from the previous high of 32.7 million tonnes recorded in the 2020- 2021, and 28% higher than last season's H1 result of 30.5 million tonnes,” the company's analysts said.

In the first half of the 2022-2023 agricultural year, grain exports were seriously below average as companies needed time to adjust to market changes, Rusagrotrans said, adding that "from October 2022 supplies rebounded to record levels since early November. "

Therefore, Russia exported a record 64.5 million tons of grain in the previous agricultural year, while the previous record for this indicator of 56 million tons was recorded in the 2017-2018 agricultural year.

In mid-December 2023, Russia's Ministry of Agriculture confirmed its grain export forecast for the current agricultural year (July 1, 2023 - June 30, 2024) of at least 65 million tons.

In any case, since the beginning of the war, there are no official statistics and all data should be considered as hypothetical. An example of this is the extraction from the "disputed" territories.

After Ukraine reported in Davos that "Moscow stole 4.7 million tons of grain" from these territories, President Putin also spoke about them, including them in Russia's total production potential.

"This year the grain harvest will be 143 million tons, but if we count the new territories - plus another 4 million tons, then it will be 147 million tons," he said.

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