Russian wheat exports to South Africa may increase in the next two years

Published Apr 4, 2024

Tridge summary

Russia is projected to increase its wheat exports to South Africa by 6% in the 2023/24 marketing year, maintaining similar export levels into the next season. South Africa, which is not a major importer of grain crops with annual imports not surpassing 4 million tons, imported 3.49 million tonnes of grain last year, including significant quantities of wheat and rice. This update was provided by Eduard Zernin, the Chairman of the Union of Grain Exporters, highlighting Russia's role as a key supplier of wheat and grain crops to the South African market.

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Original content

Russia is one of the top 3 suppliers of wheat to South Africa and the top 4 suppliers of grain crops to this country. Given the growing demand for grain crops in the region and the simultaneous decline in yields, wheat exports from Russia may increase in this direction. Experts expect supplies of wheat and its products to South Africa to grow by 6% in the 2023/24 marketing year. The same volume of supplies will remain in the next season. In a message reviewed by sfera.fm, Chairman of the Board of the Union of Grain Exporters Eduard Zernin commented on Russia’s prospects in this niche for the Federal State Budgetary Institution Agroexport. Thus, the expert noted that South Africa cannot be called a leading importer of grain crops. Total ...

Source: Agronovosti