Russia Doubles Barley Exports in January-May Period
Significant Increase: Russia exported over 3 million tons of barley, more than double the amount from the same period in 2023.
Leading Exporters: Russia might become the world's leading barley exporter for the first time by the end of the agricultural year.
Main Importers: Saudi Arabia resumed significant purchases, leading the importers list, followed by Iran, China, Tunisia, and Algeria.
Infrastructure and Market Conditions: Improved Russian infrastructure and market conditions, including a very low export duty (which became zero in May), have supported this growth.
Future Projections: Exports could reach 8.8 million tons by season's end, significantly up from 5.64 million tons last season.
Conclusion: The surge in barley exports is attributed to increased harvests, competitive pricing, and enhanced export capabilities beyond wheat, demonstrating potential for further growth in international markets.
