Russian wheat flour exporters could occupy a significant part of the flour market in China

Published 2024년 3월 13일

Tridge summary

Russian wheat flour exporters are poised to increase exports to China, despite fluctuating demand for imported flour. The volume of Russian flour supplies has consistently grown, rising from 208 thousand tons in the 2020/21 season to over 1 million tons in 2022/23. This growth is due to the high availability of wheat, no export duties or restrictions, and demand from Asian and Middle Eastern countries, especially Afghanistan and China.

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Original content

Russian exporters are in an advantageous position to export wheat flour to China. At the same time, the demand for imported flour in China remains unstable, but exporters are ready for an increase in demand. Russian flour supplies show consistently positive dynamics, reports Eduard Zernini, Chairman of the Board of the Union of Grain Exporters. In a commentary for the Federal State Budgetary Institution "Agroexport", which was reviewed by sfera.fm, he indicates that if in the 2020/21 season the volume of shipments was only 208 thousand tons, then in 2021/22 it increased to 615 thousand tons, and in 2022/23 has already exceeded 1 million tons. The growth continues in the current season - at the moment, flour exports have already exceeded 500 thousand tons. As the expert ...

Source: Agronovosti