Russia more than tripled wheat flour exports in 2022

Published 2022년 12월 27일

Tridge summary

In 2022, Russia achieved a record wheat flour export of 875 thousand tons, a significant increase from the previous year's 259 thousand tons, with Iraq emerging as the primary buyer. This surge in exports is attributed to high export duties on wheat and a decrease in flour exports from Ukraine. The top three importers were Iraq with 21.7%, Afghanistan with 16.9%, and Turkey with 10.5%. Despite challenges such as a decrease in rye flour production, Russia's flour production has seen an increase this year, reaching 887 thousand tons at its peak in October. This growth is even more substantial when considering undeclared production from the 'shadow' sector.

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

Original content

Russia, according to preliminary data, exported a record 875 thousand tons of wheat flour in 2022 against 259 thousand tons last year (an increase of 3.3 times), Iraq became the leader in purchases, follows from a review prepared by the Institute for Agricultural Market Studies (IKAR) . ICAR Deputy General Director Irina Glazunova told Interfax that record exports are due to a combination of two main factors. “Firstly, the export duty on wheat is quite high and stimulates the export of processed products. Secondly, Ukraine has sharply reduced the export of flour, which contributes to an increase in supplies both to countries that are traditional importers of Russian flour and to new markets,” she explained. According to her, the composition and market shares of importers of Russian wheat flour have radically changed in the past year. The leading positions were occupied by Iraq with a share of 21.7%, followed by Afghanistan (16.9%) and Turkey (10.5%). “If until 2021 Iraq was not ...

Source: Zol