The Russian agricultural consultancy SovEcon announced today that it has raised its forecast for Russia's wheat exports in 2021/22 by 0.2 million tons to 34.1 million tons. The reason for this is the currently strong shipping rate.
"After a period of sluggish exports in the second half of November, exports of wheat from Russia began to pick up," said SovEcon.
Russia, the world's largest wheat exporter, which supplies Turkey and Egypt among others, is expected to have harvested 75.4 million tons of wheat in 2021 after drying and cleaning.
Source
Hansa Terminhandel GmbH