Flour exports from Russia increased by 38% in the first seven months of 2024

Published Aug 27, 2024

Tridge summary

Russia has seen a 38% increase in wheat and wheat-rye flour exports in the first seven months of 2024 compared to the previous year, marking the fourth consecutive year of growth. The largest buyer of Russian flour, following a 5-fold increase, is Afghanistan, with China and Iraq also among the top buyers. It is projected that by 2030, Russian exports of wheat and wheat-rye flour could exceed 1.7 million tons, with neighboring Asian, Persian Gulf, and African markets expected to drive this growth.

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

Original content

The largest buyer of this product is Afghanistan According to expert estimates, in the first seven months of 2024, Russia supplied more than 740 thousand tons of wheat and wheat-rye flour abroad, which is 38% more than the same period last year. Thus, the positive dynamics in export deliveries of the product has been continuing for the fourth year in a row. This is reported on the website of the federal center "Agroexport". The largest buyer of Russian flour, as in 2023, is Afghanistan. In January-July, shipments to this country increased more than 5-fold, to almost 270 thousand tons. Afghanistan has significantly increased its purchases of Russian flour since the fall of 2023, and in April 2024, a record monthly volume of deliveries was recorded - more than 65 thousand tons. The second buyer of Russian flour this year is China. According to ITC Trade Map data, according to the results of the first half of this year, Russia was the leader among the main suppliers of flour to this ...

Source: Specagro