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Last year, the export holding company "Sea Delivery" significantly increased wheat shipments from major ports by 25%. Currently, the results for the third decade of December have not yet been finalized, but the company's representative in the Southern region, Denis Sushkov, noted that one of the peculiarities of the past year was the suspension of wheat imports from Turkey. Because of this, the delivery situation became more advantageous in terms of logistics. Additionally, "Sea Delivery" started shipping to new destinations such as Africa and Iraq, leading to an expansion of the company's partner geography.
According to Sushkov, a major problem in 2024 was adapting to the multi-task duty, which is limited by market value, exchange rates, and the desires of farmers. It is possible that many exporters ultimately worked at a loss or without profit, as many contracts were signed in June-July, and then there was an unusual situation with fluctuations in indicators. Towards the new year, usually, efforts are made to close contracts, but by the end of 2024, everything practically came to a standstill due to differences between external and internal prices, with high interest rates on loans and other factors complicating the situation. In 2024, the main trend was the struggle between domestic agricultural product prices and external prices, as it is important for the market to control price levels and ensure the country's food security.
Furthermore, last year, the supply from producers was unstable. Although prices for certain crops were acceptable for southern farmers, in the Central part of Russia and the Volga region, logistics combined with high costs led to operating at almost zero cost. Also, the expected positive effect of the ruble depreciation against some currencies due to the introduction of duties was not achieved.
In Sushkov's opinion, a major external problem is that the remaining payment methods in Russia are being blocked by banks. He believes that in the worst case, this could lead to complete restriction, but in the best case, new agreements could be reached that would significantly change not only the industry's economy but the entire country's economy.
