Russia may set a new record for flour exports this season

Interfax - Russia this season (for flour - August 2023 - July 2024) can break last year's record for flour exports, predicts Dmitry Rylko, General Director of the Institute for Agricultural Market Studies (IKAR). “In the 2022/2023 agricultural season, the Russian Federation shipped approximately 830 thousand tons of flour. This season we are setting a new record, because now - from August 2023 to January 2024 inclusive - more than 560 thousand tons have already been shipped,” Rylko said on international conference "Where is the margin 2024" on Friday in Moscow. At the same time, he noted that traditional neighboring competitors - Kazakhstan and Ukraine - are reducing exports. Rylko clarified that Afghanistan, China and Iraq are important markets for Russian flour. Thus, according to preliminary estimates, more than 160 thousand tons of flour were exported to Afghanistan this season, and about 110 thousand tons to China. Buyers also include Turkmenistan, Georgia, North Korea, ...