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Russian weekly grain exports on target

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Russia remains on target to meet its revised grain export target, with 1.31 million mt of grain leaving in the week to March 26, data from the ministry of agriculture showed.

Total grain exports are 40% higher than at the same stage last year, with 37.67 million mt now exported since July.

Ministry of Agriculture officials put the estimated 2017/18 marketing year grain export total at 52 million mt. Russia will need to export about 1.1 million mt of grains a week to the end of June to achieve this.

Wheat exports were the highest proportion of grain exports.
Barley exports continue to increase, taking total volume for the marketing year to 4.3 million mt – 94% higher than at the same stage last year.

Corn exports fell against last year as 139,000 mt left in the week, taking total exports for the year to 3.7 million mt, which is 3% down on the same stage last year.