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According to SovEcon analysts, Russia is expected to export between 2.8 and 3.2 million tons of wheat in June, which represents triple the volume shipped in the same month last year.
According to port data, the volume of cereal exports last week reached 770 thousand tons, compared to 650 thousand tons in the previous week.
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“In general, SovEcon predicts active wheat exports in the new season amid abundant supply. We estimate a total of 45.7 million tons, which represents an increase of 1.3 million tons compared to the previous year”, highlights the report.
Source: datagro
