The wheat is shrinking, how will Turkey’s temporary refusal of imports affect the Russian market?

게시됨 2024년 6월 9일

Tridge 요약

Turkey has imposed a temporary ban on wheat imports from June 21 to October 15, affecting its fifth largest grain trader, but the Russian Ministry of Agriculture does not expect the ban to impact Russian exporters negatively. The Turkish Ministry of Agriculture and Forestry has imposed the ban to support local agricultural producers, leading to concerns about a potential decrease in world wheat prices and a slowdown in the Russian grain market. Despite this, the Russian Ministry of Agriculture does not foresee a need to reduce export duties, attributing the resilience of the Russian grain market to the growth of the domestic market and the strengthening of the ruble.

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원본 콘텐츠

A temporary ban on wheat imports to Turkey will not affect Russian grain traders, despite the fact that this country is one of the five largest buyers of their products, says the Russian Ministry of Agriculture. However, business has a different opinion: the decision of the Turkish side will cause a decrease in world prices and, accordingly, a slowdown in the Russian grain market. Meanwhile, over the last week, domestic purchase prices for wheat decreased by 13%, to 16 thousand rubles. per ton. The ban on wheat imports announced by Turkey from June 21 to October 15 should not affect Russian exporters, Oksana Lut, head of the Russian Ministry of Agriculture, said on June 7, commenting on the decision of the Turkish regulator. “We trade with a large number of countries, our wheat is needed in a large number of countries,” she explained (quoted by Interfax). Russia ranks first among the countries from which Türkiye imports grain. According to the Russian Union of Grain Exporters, ...

출처: Zol