Russian grain exports hit historic high

[Loki]

Shipments reached 60 million tons in the 2022-2023 season, the Ministry of Agriculture has announced

Russia supplied a record amount of grain to the global market in the agricultural year from July 2022 to June 2023, despite mounting Western sanctions, Minister of Agriculture Dmitry Patrushev has revealed.

According to the official, the bulk of grain was exported to “friendly” countries.

“Speaking about exports, we delivered an absolutely unprecedented record amount of grain in terms of volume, which is 60 million tons,” Patrushev told reporters on Friday.

“This made it possible to notably increase our export revenues. They totaled more than $41 billion at the end of 2022.”

According to the minister, Russia has reoriented its agricultural exports to countries that have not supported Western sanctions against Moscow. These nations now receive 87% of exports, with destinations including China, Türkiye, Egypt, Bangladesh, Algeria, and Pakistan.

Patrushev said last month that Russian producers have steadily built up ties with reliable and responsible foreign partners. Russia retained its status as a net exporter of agricultural produce in 2022, and every fifth export batch of wheat in the world is currently exported from the country.

Russia harvested a record grain crop last year, with farmers gathering more than 150 million tons of grain, including over 100 million tons of wheat.

https://www.rt.com/business/579336-r...ecord-exports/

[LaSentinelle]

News that we deserve.