Monitoring data from the Russian Grain Union (RGU) shows that from September 1 to 10, Russia exported 1.732 million tons of wheat, down 17% compared to the same period last year.

However, the union noted that Russian exports to Turkey have begun to grow, with transshipment volumes via the Port of Novorossiysk also increasing.

The head of the RGU's analytical department reported that from September 1 to 10, Russia's total grain exports amounted to 1.91 million tons, down 22.4% year-on-year. Barley exports fell by 46.6%, dropping from 306,000 tons to 163,000 tons compared to the same period last year. Corn exports decreased by 77.3%, plummeting from 62,000 tons to 14,100 tons.

In August, Russia's grain exports decreased by 35% year-on-year, while wheat exports fell by 33% compared to the same period last year.

As an integrated internet platform providing benchmark prices, on September 17, the benchmark price of corn at SunSirs was 2,294.29 RMB/ton, down 0.31% from the beginning of this month (2,301.43 RMB/ton).

Application of SunSirs Benchmark Pricing：

Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).

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