Experts estimated the potential of the Russian Federation for the export of wheat flour at 430 thousand tons per year

Published 2022년 5월 18일

Tridge summary

The Agroexport Center under the Russian Ministry of Agriculture has identified a potential annual export capacity for wheat flour at 430,000 tons ( $150 million), with China and neighboring countries being primary markets. In 2021, Russia exported 261.1 thousand tons of wheat and wheat-rye flour, earning $86.8 million, a 10.1% increase from the previous year. However, domestic consumption of wheat flour in Russia decreased by 2.4% in 2021. China and India lead in worldwide wheat flour production, accounting for about 35%, while the EU's share is approximately 8%.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The potential of the Russian Federation for the export of wheat flour is 430,000 tons per year, or $150 million. Experts from the Agroexport Center under the Ministry of Agriculture made this assessment. "If favorable conditions are provided for the further development of the flour-grinding industry in the country and the increase in production, Russian exports, taking into account world demand for wheat flour, can reach 430,000 tons ($150 million) per year," the center's review says. The key directions for the sale of Russian wheat flour are China, as well as the markets of neighboring countries, which are characterized by stable demand (Georgia, Belarus, Abkhazia, Armenia, Kyrgyzstan, Uzbekistan, Tajikistan, etc.). The countries of Asia (Afghanistan, Hong Kong, China, Thailand, Malaysia), the Persian Gulf (Iraq, UAE), Africa (Somalia, Angola, Benin, Ghana, Djibouti) are also promising export destinations. According to a review prepared by the center, in recent years, the export ...
Source: Zol

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