Page 64 - RusRPTJun21

very strong.
Exports of cellphones skyrocketed to over 19.5bn yuan ($3bn), registering a 92% year-on-year increase. Supplies of automobile parts also posted robust growth.
Beijing’s five major trading partners were the European Union, the United States, the Association of Southeast Asian Nations, Australia, and Saudi Arabia, data showed.
Exports of Russian wheat saw a significant year-over-year surge since the beginning of July 2020 through April 22, 2021, the country’s agricultural ministry reported at the start of May.
Russia sold 34.7mn tons of wheat during the indicated period, marking 10.9% growth compared to the same period a year ago, ministry data indicates.
According to the figures revealed by the Federal Customs Service, overall exports of grains from Russia during the period amounted to 43.7mn tons, which is 14.1% more than the nation had sold by the end of April in 2020.
Sales of barley saw strong growth of 56.4% and totaled 5.4mn tons, while exports of corn declined by 2.1% to 3.2mn tons.
In the last week of April Russian wheat export prices rose for the third consecutive week, buoyed by higher prices for July wheat WN1 on the Nasdaq and most traded milling wheat BL2U1 on the Paris-based Euronext. Global benchmarks increased on the reported supply concerns.
According to the International Grains Council (IGC), as cited by the Russian agricultural watchdog, the price for Russian wheat with 12.5% protein loading from Black Sea ports saw a weekly surge by $10, or 4.1%, to $255 per ton.
Russian exports of grains in the previous agricultural year, which began on July 1, 2019, and ended on June 30, 2020, amounted to 41.7mn tons, of which wheat sales accounted for 33.2mn tons.
The ministry expects foreign overall sales of grains to total 45mn tons in the current agricultural year, with exports of wheat projected to rise to 35mn tons. In October, Russian Deputy Prime Minister Viktoria Abramchenko said that the country’s grain exports may reach 50mn tons.
Earlier this year, the Russian government introduced 30-percent duties on exports of some grains to stabilize domestic food prices. They will remain in place until 30 June 2021.
64 RUSSIA Country Report June 2021 www.intellinews.com