Russia reduces wheat exports by over one third in Jan-April

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Russia reduces wheat exports by over one third in Jan-April - FCS

MOSCOW. June 11 (Interfax) - Russia reduced wheat and meslin exports by over one third year-on-year in January-April 2019, the Russian Federal Customs Service (FCS) said on Tuesday.

Exports totaled 8.523 million tonnes, or $1.9 billion in value terms, down 34.7% compared to the same period last year.

In April, exports fell 1% 1.916 million tonnes, and were down 2% in value terms to $433.8 million.

Imports of wheat and meslin were down 42.2% in 4M to 76,200 tonnes ($16.9 million in value terms), with barley imports falling 15.3% to 3,800 tonnes ($1.5 million) and corn imports declining 10.9% to 25,100 tonnes ($90 million), the FCS also said.

Overall, Russia imported $146.1 million in grain in 4M, down 20.2% year-on-year.