Potential for flour exports from Russia to China by 2030 estimated at $80-100 million

Published 2024년 8월 19일

Tridge summary

The Agroexport Center under Russia's Ministry of Agriculture forecasts that Russia's wheat flour exports to China could reach 200-250 thousand tons, valued at $80-100 million by 2030. This follows a significant increase in exports, from 31 thousand tons in 2022 to 143 thousand tons in 2023, which made Russia the leading supplier until Q2 2023, when Japan surpassed Russia. The market is experiencing a shift towards specialized and niche flours, such as quinoa, amaranth, and lentils, with a growing preference for small packaging sizes. Despite the current shift, the majority of flour consumption in China is still in large packages.

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

Original content

Moscow. August 19. INTERFAX.RU - The potential for wheat flour exports from Russia to China by 2030 is estimated at 200-250 thousand tons worth $80-100 million. This is reported in a review prepared by the Agroexport Center under the Ministry of Agriculture. In 2022, Russia took first place among suppliers of this product to China, sending 31 thousand tons. In 2023, supplies increased more than 4.5 times and reached 143 thousand tons (65.7% of the total volume of wheat flour imports to China). According to the General Administration of Customs of China, in 2023, the value of flour imported from the Russian Federation amounted to $56.5 million. As reported, in the first half of this year, China imported wheat and rye-wheat flour from the Russian Federation for $11.1 million, which is 35.7% less than in the same period last year ($17.3 million). Thus, the Russian Federation lost its lead in this market to Japan, whose supplies amounted to $13.4 million. As noted by Agroexport, ...

Source: Interfax