Russia significantly increased wheat supplies to Saudi Arabia and Algeria

Wheat

Algeria

Saudi Arabia

Russia

Published Jan 21, 2022

Tridge summary

Russian wheat is highly competitive this season in terms of price/quality ratio According to the Center for Grain Quality Assessment, from the beginning of the current agricultural year to mid-January, Russia increased the volume of wheat supplies to Saudi Arabia by seven times, up to 916 thousand tons, to Algeria - by 13 times, to 363.5 thousand tons. As specified in the department, since the delivery of the first batch of wheat with a volume of 60 thousand tons to Saudi Arabia in April 2020, Russia has exported about 1.1 million tons of wheat to the Arab country.

Original content

Russian wheat is highly competitive this season in terms of price / quality ratio According to the Grain Quality Assessment Center, from the beginning of the current agricultural year until mid-January, Russia increased the volume of wheat supplies to Saudi Arabia seven times, to 916 thousand tons, to Algeria - 13 times, to 363.5 thousand tons. Since the delivery of the first batch of wheat with a volume of 60 thousand tons to Saudi Arabia in April 2020, Russia has exported about 1.1 million tons of wheat to the Arab country. According to Eduard Zernin, Chairman of the Board of the Union of Grain Exporters, Russian wheat is highly competitive this season in terms of price / quality. This explains the high demand from both traditional and new buyers, despite export restrictions. “As soon as Algeria managed to overcome the influence of France on the procurement policy, Russia instantly began to gain momentum in terms of supplies,” he noted. According to the Russian Ministry of ...

Source: Specagro