News

Philippines buys flour from Russia for first time since 2019

Wheat Flour
Philippines
Russia
Market & Price Trends
Published Jan 26, 2024

Tridge summary

In October 2023, the Philippines made its first purchase of wheat flour from Russia since April 2019, buying 241 tons. This makes Russia the third largest supplier of wheat flour to the Philippines, following Vietnam and Taiwan. Additionally, Southeast Asian countries have increased their purchases of Russian buckwheat by 50%, reaching a record $1.1 million. Previously, the United States was the main grain exporter to the Philippines, but its supply fell by 40% in the first ten months of the previous year.
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

Russian Satellite News Agency, Moscow, January 25th. Sputnik News quoted data from the Philippine Bureau of Statistics as saying that in the autumn of 2023, the Philippines purchased flour from Russia for the first time in nearly four and a half years. ​ According to statistics from the agency, in October 2023, the Philippines purchased a total of 241 tons of wheat flour from Russia, worth US$90,200. This is the first time the Philippines has purchased flour from Russia since April 2019. ​ Russia has therefore become the third largest supplier of this commodity to the Philippines. Vietnam ranks first with 1,800 tons, followed by Taiwan with 343 tons. The top five also include Turkey (148 tons) and Japan (43 tons). ​ At the same time, Southeast Asian countries have increased their purchases of Russian buckwheat: imports from January to October 2023 increased by 50%, reaching a record $1.1 million. At the same time, purchases doubled to 2,000 tons. ​ In the first ten months ...
Source: Foodmate
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