Russia has exported about 900,000 tons of wheat to Morocco since the start of the 2024/25 season

Published 2024년 12월 23일

Tridge summary

The first half of the 2024/25 milling wheat supply season has seen a significant increase, with approximately 900 thousand tons available, marking a high for all previous seasons. This surge is largely due to increased demand from Morocco, where droughts have decimated wheat production, leading to a projected import figure of 7.5 million tons, a significant rise from the previous seasons' 4-6.5 million tons. The rise in Russian wheat exports to Morocco, despite a halt in the 2022/23 season, underscores the competitive pricing and quality advantages of Russian wheat over its European counterparts, such as France and Germany. This trend has positioned Russia as a key supplier, contributing to the notable growth in grain imports from Russia observed in the UAE, Nigeria, and Morocco in the early months of the 2024/2025 season.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Supplies of milling wheat in the first half of the 2024/25 season (started on July 1) amounted to about 900 thousand tons, which exceeds the export figure for all previous seasons. This was reported by Igor Pavensky, Head of Agricultural Market Analysis at Rusagrotrans, in a commentary to Agroexport. According to the expert, due to frequent droughts in Morocco, wheat production has decreased and imports have increased. In the current season, the country produced 2.5 million tons, which is 40% lower than the result of the previous season. The import forecast is 7.5 million tons against 4-6.5 million tons in previous seasons. Previously, the key suppliers of milling wheat were France (from 1.5 to 2.8 million tons per season), Germany (1.1-1.2 million tons) and Canada (700-900 thousand tons), while Russia supplied up to 300 to 600 thousand tons. In the 2022/23 season, imports of Russian wheat ceased, but in the 2023/24 season, Russia was able to partially resolve supply problems and ...
Source: Zol

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