Russia's January seaborne grain exports fall 28.2%

Russia's seaborne grain exports in January fell by 28.2% compared to the previous year, totaling 3.3 million metric tonnes, as reported by industry sources. This decline is attributed to an export quota imposed in February and adverse weather conditions at ports. Despite these setbacks, Russia's grain exports have seen a record pace in the early days of the 2024/25 marketing season, with overall seaborne exports for the season reaching nearly 35.3 million tonnes, a 2.6% increase from the previous year.

MOSCOW (Reuters) - Russia's seaborne grain exports fell 28.2% in January from a year earlier to 3.3 million metric tonnes, shipping data from industry sources showed on Thursday. Russia, the world's biggest wheat exporter, exported grain at a record pace in the first part of the 2024/25 marketing season, which began on July 1 last year. However, an export quota, which was imposed in February, and bad weather at ports led to a drop in shipments. Total seaborne ...