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Russia aims to export 55 million tonnes of grain per year

She added that Moscow has been able to increase its grain exports despite some countries refusing to buy Russian grain due to the conflict in Ukraine, which Russia describes as a “special military operation”.

“Despite the decline in the number of buyer countries, our sales volume has increased… We don’t care about the number of countries, we care about the right partnerships,” Lotte said on the sidelines of an industry forum. Friday.

Russia currently exports around 80% of its grain to the Middle East and North Africa region, with Turkey, Egypt, Iran, Saudi Arabia and Algeria making up the five biggest buyers. , according to Eduard Zernin, head of the Union of Russian Grain Exporters.

Agriculture Minister Dmitry Patrushev said earlier this week that the grain harvest will reach at least 123 million tonnes in 2023, while total grain exports will be between 50 and 55 million tonnes during the 2023-2024 season.

Last week, the Black Sea Grain Export Agreement, which allows the safe export of Ukrainian agricultural products, was extended for two months. But Moscow says it wants to see more progress in implementing the parts of the deal that affect Russia, including reconnecting the Russian Agricultural Bank to the SWIFT global money transfer system and restarting a pipeline of ammonia between Russia and Ukraine.

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Arab Desk
Arab Desk
The Eastern Herald’s Arab Desk validates the stories published under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.

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