According to IKAR's forecast, the wheat production in Russia is expected to reach 92 million tons in 2024, and the total grain production is projected to reach 145 million tons.
In November, Russia exported 3.9 million tons of grain, including 2.9 million tons of wheat (down 32% compared to October and 21% compared to November 2022).
During the period from November 1 to November 24, grain exports by sea from Ukraine amounted to 2.1 million tons, including 740,000 tons through Danube ports and 1.4 million tons through sea ports.
According to information from the market, the delivery of several batches of French wheat purchased by China has been postponed from December 2023 to March 2024.
According to the forecast of the Russian Grain Union, grain exports from Russia in November are expected to decrease to 4 million tons (previously estimated at 4.2 - 4.5 million tons).
