How will Turkey’s temporary refusal of imports affect the Russian market?

게시됨 2024년 6월 11일

Tridge 요약

Turkey has imposed a temporary ban on wheat imports from June 21 to October 15, affecting its fifth largest grain trader, but the Russian Ministry of Agriculture does not expect the move to impact Russian exporters negatively. The ban is expected to decrease global prices and slow down the Russian grain market. Domestic purchase prices for wheat in Russia have already fallen by 13% to 16 thousand rubles per ton. The ban is seen as a way to support local producers and address issues of excess waste. However, there are concerns that the ban could negatively impact Russian agricultural producers and exporters, and that world wheat prices may decline, impacting the Russian grain market. Despite these concerns, some experts believe that the ban will not significantly affect the global balance of wheat in the new season and that export prices for Russian grain may only decrease slightly, with the domestic market and a stronger ruble providing some support.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

A temporary ban on wheat imports to Turkey will not affect Russian grain traders, despite the fact that this country is one of the five largest buyers of their products, says the Russian Ministry of Agriculture. However, business has a different opinion: the decision of the Turkish side will cause a decrease in world prices and, accordingly, a slowdown in the Russian grain market. Meanwhile, over the last week, domestic purchase prices for wheat decreased by 13%, to 16 thousand rubles. per ton. The ban on wheat imports announced by Turkey from June 21 to October 15 should not affect Russian exporters, Oksana Lut, head of the Russian Ministry of Agriculture, said on June 7, commenting on the decision of the Turkish regulator. “We trade with a large number of countries, our wheat is needed in a large number of countries,” she explained (quoted by Interfax). Russia ranks first among the countries from which Türkiye imports grain. According to the Russian Union of Grain Exporters, ...

출처: Agrovesti