Russia's seaborne grain exports drop 40.6 per cent in July

Russia's seaborne grain exports fell by 40.6 per cent year-on-year in July to 2.7 million tonnes, according to shipping data from industry sources released on Wednesday.

Exports via Black Sea terminals, which normally account for around 90 per cent of all seaborne grain shipments, decreased by 45.5 per cent year-on-year to 2.3 million tonnes in July.

Deliveries through the Caspian Sea, a route primarily serving Iran, increased by 114.5 per cent year-on-year to 0.3 million tonnes last month.

Exports via Baltic Sea terminals, targeting new markets, including West Africa and Latin America, increased by 2.9 per cent year-on-year to 0.1 million tonnes in July.

Russia's seaborne grain exports fell by 25.4 per cent in the recently ended 2024-2025 season, which ran from July 1, 2024 to June 30, 2025, to around 46 million tonnes due to the implementation of export quotas in February and lower crop output.

Seaborne exports accounted for about 90 per cent of Russia's total grain exports last season.

(Reporting by Gleb Stolyarov; Editing by Alexandra Hudson)