Flour exports reach almost $300 million

Published 2025년 1월 10일

Tridge summary

In 2024, Russia exported nearly $300 million worth of wheat and wheat-rye flour, an increase of 3% in value and 7% in volume from the previous year. Afghanistan was the largest buyer, purchasing $80 million worth of flour, followed by China and Turkmenistan. By 2030, Russia's wheat and wheat-rye flour exports are projected to exceed $440 million. The depreciation of the ruble, limited supply from other suppliers, and expansion of delivery locations have contributed to this growth. Companies like Makfa and Progress Agro Group of Companies have also seen increased exports, with Makfa increasing flour shipments abroad by 52% and Progress Agro making a breakthrough into the Chinese market.

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

Original content

According to the Agroexport Center under the Ministry of Agriculture, in 2024 Russia supplied almost $300 million worth of wheat and wheat-rye flour to foreign markets. Compared to 2023, exports increased by 3% in value and 7% in physical terms. The largest buyer was Afghanistan, where, according to preliminary data, $80 million worth of flour was supplied - twice as much as in 2023. China and Turkmenistan were also among the top 3 importers of Russian wheat flour last year. According to Agroexport, by 2030, the export of wheat and wheat-rye flour from Russia may exceed $440 million. Key sales areas include China and the markets of neighboring countries, where there is a steady demand for Russian products. The center's analysts also name a number of other Asian countries, the Persian Gulf states and Africa as promising supply areas. In the first 11 months of last year, Makfa increased its flour shipments abroad by 52%. According to Nikita Ivantsov, Head of the Strategic ...

Source: AgroInvestor