Flour exports from Russia increased by almost a third in 10 months

Wheat Flour

Russia

Market & Price Trends

Published Dec 6, 2023

Tridge summary

Russia's wheat and wheat-rye flour exports reached 990 thousand tons over the first 10 months of 2023, a nearly 33% increase compared to the same period in 2022. Iraq was the largest buyer, followed by Georgia and China, with China's purchases increasing significantly. The Agroexport center predicts that Russian flour exports for the year could exceed 1 million tons, with Southeast Asia, the Middle East, and Africa being identified as priority markets for further growth.

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Original content

The volume of supplies reached 990 thousand tons Over the 10 months of 2023, Russia exported 990 thousand tons of wheat and wheat-rye flour, which is almost a third more than during the same period in 2022, and exceeds the export volume for the entire 2022, the Agroexport center reported. The largest buyer of flour was Iraq, which was in second position at the end of last year. From January to October, more than 150 thousand tons of Russian flour were shipped to this country, which is 17% more than supplies over the 10 months of 2022. Georgia took second place, where 126 thousand tons were exported. China also entered the top 3, increasing purchases of Russian flour by 3.7 times, to more than 100 thousand tons. In 2022, flour supplies to China amounted to 37 thousand. t, for 2021 - less than 13 thousand tons. Agroexport also reported that Russia has resumed shipments of wheat flour to Hong Kong, sending 49 thousand tons in 10 months. Positive dynamics are also observed in the ...

Source: Specagro