Agroexport estimated the potential for the export of wheat flour from Russia

Published May 17, 2022

Tridge summary

A government review, led by the Agroexport center in Russia, forecasts the country's wheat flour export potential at 430 thousand tons per year (valued at $150 million). This is due to the stable demand in markets such as China and neighboring countries. In 2021, Russia exported 261.1 thousand tons of wheat and wheat-rye flour, generating $86.8 million, with soft wheat flour accounting for over 97% of revenues. However, domestic consumption of wheat flour in Russia has decreased by 2.4% to 54.6 kg per person in 2021. The president of the Russian Union of Flour and Cereal Enterprises has pointed out that Russia has the capacity to produce more than 20 million tons of flour per year, but faces challenges in finding export markets due to competition.

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

Original content

Russia's potential for the export of wheat flour is 430 thousand tons per year ($150 million). Such an assessment is contained in the review of the Agroexport center subordinate to the Ministry of Agriculture. According to the forecast of analysts, the indicator will be achieved "providing favorable conditions for the further development of the flour-grinding industry in the country and increasing production." China, as well as the markets of neighboring countries, are called the key directions for the sale of Russian wheat flour, as they are characterized by stable demand. We are talking about Georgia, Belarus, Abkhazia, Armenia, Kyrgyzstan, Uzbekistan, Tajikistan and others. Asian countries are also promising export destinations: Afghanistan, Hong Kong, China, Thailand, Malaysia; Persian Gulf: Iraq, UAE; Africa: Somalia, Angola, Benin, Ghana, Djibouti. According to the review, in recent years, the export of Russian wheat flour has generally been characterized by positive ...

Source: AgroInvestor