In 2022, Russian flour exports increased by 3.5 times

Published 2023년 1월 9일

Tridge summary

From 2021 to 2022, Russia experienced a significant increase in wheat and wheat-rye flour exports, with a 3.5-fold increase in volume and a 3.9-fold increase in cost. The majority of these exports were flour, with Georgia and Iraq being the largest importers. This surge in flour exports is attributed to a decrease in wheat exports due to quotas and duties, leading countries to seek alternative food commodities. The union of Grain Exporters believes that the Flour market's growth is limited by insufficient milling capacities and anticipates growth to depend on the commissioning of new processing facilities. Progress Agro is planning to expand its flour milling capacity and expects to export 30 thousand tons of flour to China, the Middle East, Southeast Asia, and Africa in two years.

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

Original content

From January 1 to December 25, 2022*, Russia exported 881 thousand tons of wheat and wheat-rye flour, which is 3.5 times more than the same period in 2021. The cost volume of supplies showed an increase of 3.9 times. Since April, monthly shipments of flour have consistently exceeded 60 thousand tons, and in June they crossed the mark of 100 thousand tons. Georgia became the largest importer of Russian flour, which as of December 25 increased purchases by 4.7 times in physical terms (up to 202 thousand tons) and 6 times in monetary terms. For many years, Russia has been the main supplier of wheat and wheat flour to Georgia, but until July 2021, the share of flour was insignificant. Iraq, the second importer of Russian flour in 2022, also increased its purchases by several times. In less than 12 months, the physical volume of exports to the Middle Eastern country increased 12 times to 158 thousand tons, the value - 13 times. Closes the top 3 Afghanistan, which imported 131 thousand ...

Source: Zol