Flour production in the Russian Federation for 10 months became a record

Russia

Market & Price Trends

Published Dec 29, 2023

Tridge summary

The Russian flour milling industry produced 8.04 million tons of flour in the first 10 months of 2023, the highest figure since 2013. Wheat flour prices in the main production areas of Russia decreased from the spring peak of 2022 to mid-summer of 2023, following wheat prices, but began to rise again in July due to the situation on the grain market. The export of wheat flour from Russia reached 870 thousand tons in the period from January to November 2023, compared to 690 thousand tons in 2022, with China, Iraq, and Afghanistan being the largest importers.

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Original content

This is the highest figure since 2013. The Russian flour milling industry produced 8.04 million tons of flour over the 10 months of 2023, compared to 7.98 tons for the same period last year. This was announced by Deputy General Director of the Institute for Agricultural Market Studies Irina Glazunova in her annual review of the flour and bran markets. “This is the highest figure since 2013, when production amounted to 8.07 million tons,” Glazunova noted. She also added that these official data do not take into account the gray milling sector, whose market share remains significant, and record exports are driving production growth against the backdrop of domestic consumption. Wheat flour prices in the main production areas decreased from the spring peak of 2022 to mid-summer of 2023, following wheat prices. “Since July, prices began to rise due to the situation on the grain market. At the same time, in the regions of central Russia, price growth gave way to a seasonal decline. But ...

Source: Zol