RUSSIAN wheat sales remains strong and there's little sign that exports will fall soon, reports Bloomberg.
Data provider Logistic OS estimates Russia's April wheat sales tripled from a year earlier, albeit it up from a lower-than-usual amount due to export taxes at the time.
Viterra was the third-biggest shipper in April, after russian exporters Trading House RIF and Aston, according to Logistic OS data. Global trading giants Cargill and Louis Dreyfus also exported some wheat, and international companies haven't drastically altered volumes since the invasion.
After briefly dropping at the start of the war as some traders were impacted by financing and logistics issues, the country's wheat shipments have remained in line with usual volumes.
While it's becoming harder to trade grain from there, Russian companies and international merchants like Viterra continue to sell large amounts.
Many foreign firms have left Russia, but a global willingness to keep buying and selling its crops underscores the need for grain - especially with food prices hitting record highs.
Overseas agribusinesses have largely stayed in Russia since the start of the war, although some said they won't make new investments there. They've seen their share of Russian wheat exports steadily fall to state-controlled companies in recent years as the government expands its role in an increasingly strategic sector.
SeaNews Turkey
Data provider Logistic OS estimates Russia's April wheat sales tripled from a year earlier, albeit it up from a lower-than-usual amount due to export taxes at the time.
Viterra was the third-biggest shipper in April, after russian exporters Trading House RIF and Aston, according to Logistic OS data. Global trading giants Cargill and Louis Dreyfus also exported some wheat, and international companies haven't drastically altered volumes since the invasion.
After briefly dropping at the start of the war as some traders were impacted by financing and logistics issues, the country's wheat shipments have remained in line with usual volumes.
While it's becoming harder to trade grain from there, Russian companies and international merchants like Viterra continue to sell large amounts.
Many foreign firms have left Russia, but a global willingness to keep buying and selling its crops underscores the need for grain - especially with food prices hitting record highs.
Overseas agribusinesses have largely stayed in Russia since the start of the war, although some said they won't make new investments there. They've seen their share of Russian wheat exports steadily fall to state-controlled companies in recent years as the government expands its role in an increasingly strategic sector.
SeaNews Turkey
