Chickpea exports from Russia to Turkey may reach $200 million

Dried Chickpea

Russia

Market & Price Trends

Published Dec 14, 2023

Tridge summary

Russian chickpeas are currently the cheapest option for Turkey, with plans to increase supplies to $200 million in the future. In 2022, Russia became the top exporter of chickpeas to Turkey, with a market share of 51.3% in terms of quantity and 39% in terms of value. A new flexible export duty linked to the ruble exchange rate will apply to chickpea exports from October 1, 2023, with a reduced rate of 5.5% in December.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Russian chickpeas are the cheapest so far. In the future, Russia may increase supplies of chickpeas to Turkey from $46.7 million in 2022 to $200 million, according to a review by the Agroexport federal center of the Russian Ministry of Agriculture. “The estimated potential for chickpea supplies from Russia to Turkey is estimated at $200 million. The main competitors of Russian products in the Turkish market are Mexico, Canada, Kazakhstan, Australia and other countries,” the review notes. According to Agroexport, in 2022 Russia took first place among exporters of chickpeas to Turkey, supplying this country with 64.7 thousand tons worth $46.7 million. In physical terms, Russia’s share in the supply structure was 51.3%, and in monetary terms - 39%. This is due to the fact that Russian chickpeas have been the cheapest compared to competitors for several years. In 2022, the cost of a ton of chickpeas from Russia was $723, which is 24.1% lower than the weighted average price. The most ...

Source: Zol