Russia increased flour exports by 1.3 times to 920 thousand tons in 9 months

Published 2024년 10월 22일

Tridge summary

In the first nine months of the year, Russia exported over 920,000 tons of wheat or wheat-rye flour, marking a 1.3-fold increase compared to the same period last year. The primary buyers were Afghanistan, China, and Iraq. This growth is due to limited supply from other major suppliers, a weaker ruble, and expanded supply geography. Makfa, a leading Russian flour producer, boosted its exports by 1.5 times, reaching over 20 countries. Projections suggest that by 2030, Russian flour exports could hit 1.7 million tons, with 2024 exports expected to rise to 1.5 million tons from just over 1 million tons in 2023.

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

Original content

Moscow. October 22. INTERFAX.RU - Russia exported more than 920 thousand tons of wheat or wheat-rye flour in the first 9 months of this year, which is 1.3 times more than in the same period last year (about 720 thousand tons). This was reported by the Agroexport center under the Ministry of Agriculture, citing expert estimates. The main buyers of Russian flour were Afghanistan, China and Iraq. According to Nikita Ivantsov, head of the strategic development division for the far abroad at Makfa (one of the leading producers of flour and pasta in the Russian Federation), whose opinion is cited by Agroexport, the growth in Russian flour exports in 2024 is due, in particular, to the limited supply of grain and flour from some large suppliers, the weakening of the ruble against other foreign currencies and the expansion of the geography of supplies. "There is potential for a further increase in flour exports, its pace will be influenced by the economic and geopolitical situation," he ...

Source: Interfax