# Focus: Russia expands Baltic ports as it eyes new grain markets

> Russia exported 62 million tons of grain by sea in the 2023/24 season, with 90% going through Black Sea ports, mainly to Middle East and North Africa markets. Russia is expanding Baltic Sea infrastructure to reach new markets.

- Date: 2024-09-26 · published 2024-09-26T12:00:00.000Z
- Category: logistics · region Russia · magnitude low
- Page: https://feedsoft.ai/events/14268-focus-russia-expands-baltic-ports-as-it-eyes-new-grain-markets
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Shifting export routes toward the Baltic could reduce the Black Sea risk premium over time, which would modestly weigh on wheat prices if logistics improve.

## Read by commodity

- WHEAT: neutral
- OCEANFRT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-11-03 | [Worried about Russia's march on grain markets? It could be worse](https://feedsoft.ai/events/67827-worried-about-russia-s-march-on-grain-markets-it-could-be-worse.md) | +0.1% | -1.6% |
| WHEAT | 2024-09-26 | [Russia's grain exports: A look at main terminals and planned expansions](https://feedsoft.ai/events/14267-russia-s-grain-exports-a-look-at-main-terminals-and-planned-expansions.md) | +1.0% | -6.2% |
| WHEAT | 2020-07-15 | [Vancouver’s New Grain Terminal Bets on Asian Markets](https://feedsoft.ai/events/52092-vancouver-s-new-grain-terminal-bets-on-asian-markets.md) | +0.6% | -1.7% |
| WHEAT | 2017-11-06 | [Black Sea deep-water ports export almost 50% of Russian grains - expert](https://feedsoft.ai/events/67828-black-sea-deep-water-ports-export-almost-50-of-russian-grains-expert.md) | +0.2% | +1.9% |
| WHEAT | 2021-03-23 | [Hot sea-freight market boosts Australian export opportunities - Grain Central](https://feedsoft.ai/events/48320-hot-sea-freight-market-boosts-australian-export-opportunities-grain-central.md) | -0.9% | -0.8% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/russia-expands-baltic-ports-it-eyes-new-grain-markets-2024-09-26/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.