Ahmad 
Russia exported 2,825,000 tons of grain during the period from July 1 to 20, including about 146,000 tons of wheat exported to Morocco.
The Russian Interfax Agency reported that Egypt was the largest importer of Russian wheat during this period, despite the decrease in shipments to it to reach 244,000 tons after it was 453,000 tons in the previous period.
Morocco came in second place, despite the absence of any supplies to it in the same period last year, and in third place came Saudi Arabia, which imported 132,000 tons of Russian wheat, after this number reached about 500,000 tons previously, then Bangladesh, which imported about 105,000 tons, and Nigeria, which increased its wheat supplies by nearly double.
Regarding the situation of grain prices in the global market, Elena Tyurina, Director of the Analysis Department at the Russian Grain Union, said that “prices rose slightly amid news of deteriorating wheat crops and harvest dates in Europe, as the harvest in France is expected to decline.”
Tyurina explained that “the price of French wheat has increased in recent days from $234 to $237 per ton, while the price of Russian wheat currently ranges between $214 and $215, compared to $236 at the beginning of last June.”
She pointed out that the difference between the price of Russian wheat and its French counterpart, which reaches $23 per ton, “can become an incentive for future sales growth and support exports.”
Dmitry Rylko, director of the Institute for Agricultural Market Studies in Russia, had previously announced that the wheat crop that can be harvested in the Russian Federation in 2024 will guarantee its agricultural exports for the current season at a record level of around 50 million tons.
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