Flour production in the Russian Federation for 10 months reached its maximum since 2013
Russia
Market & Price Trends
Published Dec 28, 2023
Tridge summary
The flour milling industry in Russia produced 8.04 million tons of flour over 10 months, the highest figure since 2013, with significant growth attributed to record exports. However, the data does not include the "gray millers" sector, and prices for wheat flour fluctuated throughout the year. Additionally, bran exports decreased due to a drop in purchases from Turkey, causing a decrease in prices and impacting the profitability of mills.
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
Moscow. 27th of December. INTERFAX.RU - The flour milling industry of the Russian Federation produced 8.04 million tons of flour over the 10 months of this year, compared to 7.98 million tons for the same period last year. “This is the highest figure since 2013, when production amounted to 8.07 million tons,” said Irina Glazunova, deputy general director of the Institute for Agricultural Market Studies, in an annual review of the flour and bran markets. However, she noted that these official data do not take into account the “gray millers” sector, whose market share remains significant According to her, against the backdrop of stagnant domestic consumption, record exports contribute to production growth. According to ICAR, in January-November the export of wheat flour reached 870 thousand tons compared to 690 thousand tons a year ago. At the end of the calendar year, it may exceed a record 950 thousand tons. The largest buyers of Russian flour are China, Iraq and Afghanistan. As ...
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