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Caucasus/Russia/Central Asia
Russia returned to the top five largest grain suppliers to the European Union
2023-12-03
Direct Translation via Google Translate. Edited.
[REGNUM] For the first time since the beginning of the North Eastern Military District, Russia entered the top five largest grain suppliers to the EU

For the first time since March 2022, Russia returned to the top five largest grain suppliers to the European Union against the backdrop of the highest purchases since March 2022. This follows from Eurostat data.

As follows from the analysis of this information by RIA Novosti, in September the community sharply increased the import of grain from Russia - by 22% per month and ten times per year, to 180 thousand tons. This was the highest figure since March 2022 and allowed Russia to become fourth in the list of the five largest grain exporters to the EU.

First on this list is Ukraine, whose supplies increased by 1% over the month, and decreased by 25% over the year - to 1.2 million tons. In second place is Brazil, grain supplies from which increased 1.8 times in September to 1.1 million tons. Turkey comes third with 204 thousand tons (+4% per month) and fifth is Canada with 139 thousand tons (a decrease by a third over the month).

As Regnum reported , on November 28, the head of the Ministry of Agriculture, Dmitry Patrushev , said that Russia has now harvested more than 151 million tons of grain in bunker weight, including about 99 million tons of wheat. According to him, this is the second grain harvest in history.

Patrushev clarified that such a volume of grain will not only completely cover domestic Russian needs, but also realize record volumes of grain exports. He also noted a significant increase in the production of such socially important crops as rice and buckwheat.

More from regnum.ru
European Union warned about the inevitability of an increase in purchases of Russian grain

Due to sanctions against Russian energy resources in the European Union, the cost of grain production has increased, which has aggravated the inflation situation. Andrey Masterov , a leading researcher at the Institute for Research on Socio-Economic Transformations and Financial Policy, a financial university under the government,told a Regnum correspondent

Earlier it became known that Russia was able to return to the top five largest grain suppliers to the European Union.

According to Masterov, this situation has become one of the clearest examples demonstrating cases when anti-Russian sanctions, initially aimed at harming Moscow, turn out to be a double-edged sword and hit their initiators. Moreover, Russia is the largest supplier of grain to the world market, one and a half times larger than the European leader in exports, France, and three times larger than Germany.

“As a result of sanctions against Russian energy resources, the cost of grain production in the EU has increased, which only worsened the overall situation with inflation . A complete displacement of Russian grain from the European market would only lead to a further increase in inflation and grain shortages, since alternatives to Russian grain are more expensive in cost. The United States ranks second in the world after Russia in grain exports, but logistics costs make it a less profitable supplier,” Masterov explained.

Ukraine is also a major grain exporter, and, probably, the so-called grain deal made it possible for some time to compensate for the refusal of Russian grain. However, in 2023, as the economist recalled, the grain deal was disrupted. Under these conditions, as well as taking into account the worsening situation with inflation and the general economic situation in the EU, we had to return to large-scale purchases of Russian grain.

In his opinion, the EU will continue to increase purchases of Russian grain, as well as increase interaction with Russia in other areas.

“In the EU, as well as throughout the world, fatigue from the Ukrainian conflict is growing. But sanctions hit their initiators painfully and do not bring the expected effect,” Masterov stated.

Earlier, Regnum news agency reported that, according to Eurostat data, in September 2023 the EU sharply increased grain imports from Russia - by 22% per month and ten times per year, to 180 thousand tons. This turned out to be the highest figure since March 2022 and allowed Russia to become fourth in the list of largest grain exporters to the EU.

Ukraine is in first place on this list, Brazil is in second place, Turkey is in third place, and Canada is in fifth place.

At the end of November, it became known that Russia had harvested more than 151 million tons of grain in bunker weight, including about 99 million tons of wheat.

According to First Deputy Minister of Agriculture Oksana Lut , the grain harvest in Russia in 2023 amounted to 147 million tons , taking into account the harvest in new regions.

Posted by:badanov

#1  So more Ukrainian grain stolen.
Posted by: Mullah Richard   2023-12-03 21:50  

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