Russian exports of wheat bran increased by 57%

Published 2021년 8월 11일

Tridge summary

From January to July 2021, Russia saw a 19% increase in wheat bran exports, reaching 605 thousand tons, valued at $118.5 million, with Turkey being the primary importer. This growth is attributed to the pandemic's impact on flour production, resulting in reduced domestic bran production but sustained compound feed consumption. The global wheat bran market is projected to grow by 4.5% annually, driven by demand in the Asia-Pacific region and dietary preferences, offering potential for Russian producers like Agro Zerno Yug to expand their exports, although logistical challenges due to limited access to deep-water ports may limit growth.

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

Original content

In January-July 2021 * Russia supplied to foreign markets 605 thousand tons of wheat bran and other residues of grinding and sieving wheat, which is 19% more than the same period last year. The value of shipments increased by 57% to $ 118.5 million. Russia is the largest exporter of wheat bran in the world. Russian bran was supplied to 20 countries in 2021, but Turkey, the world's largest importer of this food category, is traditionally the key buyer. Russian exports of wheat bran to Turkey amounted to 582 thousand tons (+ 19%) worth $ 115 million (+ 58%). Deliveries to Mongolia in comparison with January-July 2020 increased 2.4 times to 15 thousand tons worth $ 2.7 million (3.9 times more). In third place is Cyprus, which imported 2.2 thousand tons of bran from Russia in the amount of 421 thousand dollars. The company "Agro Zerno Yug" from January 1 to July 23, 2021 increased the export of bran by 27% to 66 thousand tons, the co-founder of the company Akim Talibov told ...

Source: Aemcx