# Russian Wheat Pushes Growth of Black Sea Dry Bulk Exports | Dry bulk shipping news | Shipping Telegraph

> Russian wheat exports drove Black Sea dry bulk exports up 13% year on year from January to October 2023. Russia's wheat exports are on track for a record in 2023, while Ukrainian cargo losses keep Black Sea volumes about 20% below 2021.

- Date: 2023-11-02 · published 2023-11-02T12:00:00.000Z
- Category: trade · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/14348-russian-wheat-pushes-growth-of-black-sea-dry-bulk-exports-dry-bulk-shipping
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

A record Russian wheat export pace adds supply to Africa and Middle East markets, which is bearish for world wheat prices. Continued war risk and the loss of the grain initiative keep shipping costs elevated.

## Read by commodity

- WHEAT: bearish ▼
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-09-23 | [Russia’s wheat exports from Black Sea ports fall to 460kt](https://feedsoft.ai/events/14174-russia-s-wheat-exports-from-black-sea-ports-fall-to-460kt.md) | -0.2% | +1.8% |
| WHEAT | 2025-07-16 | [Black Sea Exports – News – SSY](https://feedsoft.ai/events/14188-black-sea-exports-news-ssy.md) | +1.6% | -1.2% |
| WHEAT | 2021-06-16 | [Black Sea Wheat Exports To Grow 5% In 2021/22 \| ESM Magazine](https://feedsoft.ai/events/46432-black-sea-wheat-exports-to-grow-5-in-2021-22-esm-magazine.md) | -8.0% | -12.7% |
| WHEAT | 2026-01-16 | [Russian grain shipments grow as seaborne trade dominates exports](https://feedsoft.ai/events/14143-russian-grain-shipments-grow-as-seaborne-trade-dominates-exports.md) | -0.5% | +4.1% |
| WHEAT | 2023-07-20 | [Significance of Black Sea ports for Russian commodities exports \| Reuters](https://feedsoft.ai/events/14377-significance-of-black-sea-ports-for-russian-commodities-exports-reuters.md) | -0.7% | -1.3% |

## Sources

- shippingtelegraph.com: https://shippingtelegraph.com/dry-bulk-shipping-news/russian-wheat-pushes-growth-of-black-sea-dry-bulk-exports/

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