Russia realized the export potential of wheat by more than 70% in the current agricultural year

Published 2022년 2월 21일

Tridge summary

Russia has achieved 72% of its export potential by shipping 24.3 million tons of wheat abroad this agricultural year, primarily to the Middle East. There has been increased interest in Russian wheat from Saudi Arabia and Algeria, with Turkey being the main importer. Leguminous crop exports have also seen a significant increase of 70%, driven by demand from Turkey. Additionally, grain processing products and feed and mixed fodder exports have also risen by 13% and 9% respectively.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Leguminous crops demonstrate record export rates Russian wheat exporters in the current agricultural year have already shipped 24.3 million tons of wheat abroad, realizing the country's export potential by 72%. The largest volume was shipped to the countries of the Middle East, the share is 30%. This was stated by the director of the Novorossiysk branch of the Federal State Budgetary Institution "Center for Grain Quality Assessment" Mikhail Khanov. He noted that 34 out of 90 importing countries increased their imports of Russian wheat. According to him, according to the preliminary results of the current agricultural year, as of February 10, Russia exported about 35 million tons of grain and processed products. The geography of Russian grain supplies is represented by 104 countries, more than a third of them - 41 countries - increased purchases. Khanov said that the traditional leaders in purchases are the markets of the Middle East with a volume of 10.2 million tons, North Africa ...
Source: Specagro

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.