Cereals; Millet, Seed Price in Russia - 2021
Contents:
Cereals; Millet, Seed Price in Russia (FOB) - 2022
In 2022, the average cereals; millet, seed export price amounted to $314 per ton, with a decrease of -45.2% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 89% against the previous year. As a result, the export price reached the peak level of $573 per ton, and then dropped markedly in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($984 per ton), while the average price for exports to South Africa amounted to $294 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+19.8%), while the prices for the other major destinations experienced mixed trend patterns.
Cereals; Millet, Seed Exports in Russia
After two years of decline, overseas shipments of cereals; millet, seeds increased by 1,136% to 69 tons in 2022. In general, exports, however, saw a precipitous shrinkage.
In value terms, cereals; millet, seed exports soared to $22K in 2022. Over the period under review, exports, however, faced a significant decrease.
| Export of Cereals; Millet, Seed in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 308 | 17.4 | 0.2 | 19.7 | -60.0% |
| Israel | 136 | 4.0 | 0.3 | 2.0 | -75.5% |
| Kazakhstan | 7.8 | 1.3 | N/A | N/A | -83.3% |
| United Kingdom | N/A | 10.2 | N/A | N/A | 0% |
| Others | 6.2 | 7.3 | 2.7 | N/A | -34.0% |
| Total | 458 | 40.2 | 3.2 | 21.7 | -63.8% |
Top Export Markets for Cereals; Millet, Seed from Russia in 2022:
- South Africa (67.1 tons)
- Israel (2.0 tons)
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