# Russia posts record wheat exports for 2023-24, plus structural changes for importers and exporters - Fastmarkets

> Russia set a wheat export record in 2023/24, with total exports exceeding 55.4 million tonnes, up about 24% from 2022/23 according to Rusagrotrans. Exports were supported by large harvests, high stocks and competitive prices, though an unofficial floor price limited competitiveness.

- Date: 2024-07-09 · published 2024-07-09T12:00:00.000Z
- Category: trade · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/14286-russia-posts-record-wheat-exports-for-2023-24-plus-structural-changes-for
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A record Russian export program adds large global wheat supply and pressures world prices. Floor pricing that limits competitiveness is a partial offset.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-02-02 | [Record wheat exports from Russia increases pressure on prices](https://feedsoft.ai/events/48490-record-wheat-exports-from-russia-increases-pressure-on-prices.md) | +0.3% | +11.6% |
| WHEAT | 2018-01-29 | [Russia is strong competitor for wheat markets](https://feedsoft.ai/events/67027-russia-is-strong-competitor-for-wheat-markets.md) | +0.2% | +2.1% |
| WHEAT | 2024-08-09 | [Russia. Exports by ship and logistics forecast for 2024/25 MY](https://feedsoft.ai/events/14278-russia-exports-by-ship-and-logistics-forecast-for-2024-25-my.md) | +0.2% | -3.1% |
| WHEAT | 2025-01-27 | [French wheat exports slump on poor crop, Algeria spat and Russian rivalry](https://feedsoft.ai/events/26443-french-wheat-exports-slump-on-poor-crop-algeria-spat-and-russian-rivalry.md) | +4.0% | +5.2% |
| WHEAT | 2023-10-13 | [FranceAgriMer raises 2023/24 forecast for wheat exports outside EU](https://feedsoft.ai/events/33558-franceagrimer-raises-2023-24-forecast-for-wheat-exports-outside-eu.md) | +0.7% | -1.6% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/russia-posts-record-wheat-exports-for-2023-24/

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