Wheat exports from Russia to Qatar in January-October 2024 are 41% higher than for the whole of 2023

Published 2024년 10월 30일

Tridge summary

In the timeframe of January-October 2024, Russia has witnessed a significant surge in wheat exports to Qatar, reaching a record 145.5 thousand tons, which represents a 41% increase compared to the previous year. This consistent growth, with an average annual rate of 6.1% over the past decade, positions Russia as a key supplier in the Qatari grain market, competing against competitors like Romania and Australia. Additionally, Russia's export of barley to Qatar has also seen growth, shipping 35.6 thousand tons in 2024, despite a slight decline in recent years. The upcoming season is anticipated to bring increased demand for Russian barley, potentially providing a significant growth opportunity for Russian exporters. Furthermore, Qatar's recognition of Russian organic certificates in 2023 could play a pivotal role in enhancing the export diversity by allowing for the export of a wider range of products to Qatar, including crops like corn, which was exported for the first time in many years in 2023.

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Original content

Russian wheat exports to Qatar in January-October 2024 amounted to a record 145.5 thousand tons, which is 41% more than for the whole of last year. This was reported to TASS by Ruslan Khasanov, Director of the Federal State Budgetary Institution "Grain Quality Assessment Center". "For many years now, Qatar has been steadily purchasing Russian wheat. The only exception was 2021, however, subsequently we restored shipments with renewed vigor. For the period from January to October 2024, Qatar purchased a record 145.5 thousand tons of wheat from Russia, which is 41% more than for the whole of last year (102.9 thousand tons in 2023). The average annual growth rate of Russian wheat exports to Qatar over 10 years is 6.1%," Khasanov said. He noted that Russia competes in the Qatari grain market with countries such as Romania and Australia, each of which supplied 63 thousand tons of this crop in 2023. The expert added that wheat is not the only crop supplied by Russia to Qatar. Thus, ...

Source: Kvedomosti