Africa, a key market for Russian wheat

Published 2024년 12월 14일

Tridge summary

Africa is becoming a key player in the global grain trade, particularly in wheat, due to its high import needs, with Russia emerging as a major supplier. In 2024, Russian wheat exports to African countries surged by 35% to 21 million tons, up from 17.6 million tons in 2023, marking a 19.3% increase. This growth is largely due to increased purchases by Morocco, Nigeria, and Kenya, and Russia's successful reconnection with 12 countries, including Ethiopia and Djibouti, that it had not exported to the previous year. This trend highlights the challenges Africa faces in achieving food security due to production difficulties and the reliance on imports to meet demand. Russia's strategic approach to meeting these needs and expanding its influence in the global grain market is notable.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Africa, the world’s second largest wheat importing region after Asia, is seeing its strategic role strengthen in global grain trade. With a constantly increasing demand, linked to local production difficulties, particularly in North Africa, the continent is attracting more attention from major international suppliers, including Russia. According to data reported by the Interfax news agency, citing the agro-export center of the Russian Ministry of Agriculture, Russian wheat exports to African countries experienced strong growth between January and October 2024. During this period, Russia shipped 21 million tons of wheat, a figure up 35% compared to the same period in 2023. This performance reflects a notable increase of 19.3% compared to the total of 17.6 million tons recorded for the whole of 2023. This dynamism is mainly based on the increase in purchases made by countries such as Morocco, Nigeria and Kenya. Russian wheat exports to these markets increased 6-fold, 3.7-fold and ...

Source: Agrimaroc