Russia’s grain exports surge more than 54% this year

Russia’s grain exports surge more than 54% this year
Exports of Russia’s wheat and meslin flour expanded by 54.3 percent from January through September of 2018 against the same period a year ago, according to the latest statistics from the Federal Customs Service.

In terms of money, the grain exports reportedly amounted to $6 billion, marking a 62 percent growth. In September alone, the value of grain exports increased by 1.4 percent compared to the same period a year ago and totaled $898.1 million.

The data also showed that imports of grains to Russia dropped 11.1 percent in the first nine months of the year, totaling $245 million. Imports of barley declined by an enormous 94 percent to two million dollars, while purchases of corn by Russian producers fell to $127.6 million, marking a 7.6 percent drop.

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