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Russia's grain export shipments declined by 18% from May 1 to May 20, 2024, compared to the same period last year[1][2]. During this period, Russia shipped 3.394 million tons of grain for export[1][2]. Wheat shipments were affected, with a year-over-year decrease of more than 40% since the start of the current marketing year in July[4].
The existing export curbs have reduced Russia's wheat exports significantly[4]. Russia also banned white and raw sugar exports until August 31[4]. The partial ban on grain exports to members of the Eurasian Economic Union (EAEU), excluding those subject to existing quotas and taxes, is expected to further squeeze global wheat supplies[4].
Citations:
[1] https://ukragroconsult.com/en/news/russia-reduced-grain-export-shipments-by-18-from-may-1-to-may-20/
[2] https://www.tridge.com/news/russia-reduced-grain-export-shipments-by-18--akzamx
[3] https://interfax.com/newsroom/top-stories/98900/
[4] https://www.gro-intelligence.com/insights/russia-enacts-partial-ban-on-grain-exports-in-another-hit-to-global-wheat-supplies
[5] https://blogs.worldbank.org/en/trade/global-wheat-shipments-withstood-shock-russias-invasion-ukraine
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