Russia's seaborne grain exports drop
Russia, the world's leading wheat exporter, delivered grain to global markets at record volumes early in the 2024/25 marketing season, which ran from July 1, 2024 to June 30, 2025. However, the implementation of export quotas in February and lower crop output caused a sharp decline in the season's final months.
Shipments in June fell by 72% to 1.45 million tons, according to the data. Exports via Black Sea terminals, which normally account for around 90% of all seaborne grain shipments, decreased by 25.1% year-on-year to 41.6 million tons for the season.
Deliveries through the Caspian Sea, a route primarily serving Iran, dropped 57.3% to 1.6 million tons. Exports at Caspian ports were completely halted in April and did not resume in May. They reached just 21.5 tons in June. Grain exports via Baltic Sea terminals rose 16.2% in the 2024-2025 season, confirming their growing role in targeting new markets for Russian grain, including West Africa and Latin America.
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