November 10, 2011


Russia's September wheat exports reach record level



Russia's September wheat shipments has reached a record 3.2 million tonnes, three months following the removal of the grain export ban, according to customs data on Wednesday (Nov 9).


Analysts had estimated September wheat exports at 3.3 million tonnes.


Russia had imposed a ban on grain exports from August 15, 2010 to July 1, 2011 to curb rising prices after the worst heat-wave on record.


It managed to export 34,600 tonnes of wheat during that period to some countries of the former Soviet Union, to which the ban did not apply, and 1,400 tonnes to non-CIS countries.


The government allowed grain exports in special cases under intergovernmental agreements, humanitarian aid, supplies to fishing and other ships in international waters and to diplomatic and other official missions abroad.


Russian imports of poultry and red meat rose in the first nine months of this year from the same period a year ago, the customs data showed. 


On the other hand, the total wheat exports within the January-September period decreased 28% on-year to 8.53 million tonnes due to the same ban, the Federal Customs Service said Wednesday.


In monetary terms, wheat exports fell slightly to US$2.04 billion in January–September from US$2.06 billion in the same period of last year.


Of the total, wheat exports to countries outside of the Commonwealth of Independent States (CIS) were at 8.30 million tonnes, the service said without providing comparisons.

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