Commodities Buzz: Russia Barley Exports Scale Record Highs

Russian barley exports in July-February 2017/18 hit an all-time high for these months. Barley shipments to foreign markets totaled 4.1 MMT that is up 36% from the whole 2016/17 season (3 MMT).

Traditionally, Saudi Arabia remains the top export destination for Russian barley this season, absorbing 37% of its exports.

Iran is the second largest importer of Russian barley. Its deliveries to the country exceeded 1.1 MMT at the time, i.e. more than twice as much as during the whole last season.

In addition, Russia resumed barley supplies to Turkey and Kuwait. Russian exporters shipped 384.6 KMT of the commodity to the Turkish market in July-February 2017/18 that is the largest volume since MY 2014/15. Exports to Kuwait totaled 126 KMT at the time. Last time Russia exported barley to this market in the 2015/16 season (190 KMT).