This year the Russian Federation exported agricultural products to Turkey for more than $ 2 billion

Published 2020년 10월 19일

Tridge summary

In 2020, Turkey has continued its role as the second-largest buyer of Russian agro-industrial goods, with a particular focus on wheat, bran, sunflower oil, and corn. Wheat imports have increased by 4% from last year, reaching 5.7 million tons worth $1.2 billion. Sunflower oil imports have experienced a significant increase of 36%, amounting to 528 thousand tons valued at $355 million. Bran imports have also risen by 16%, to 765 thousand tons, accounting for over 94% of Russia's bran exports. Additionally, there has been a notable increase in the import of corn, corn products, barley, soybeans, alcohol, sugar, and various food items. Russia's agricultural exports to Turkey contributed to 19.4% of Turkey's total agricultural imports in 2019, valued at almost $13 billion.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Last year, Turkey took the second position among the largest buyers of Russian agro-industrial goods and in 2020 is confidently holding this place, the message says. It is the leading importer of Russian wheat, bran, and the second importer of sunflower oil and corn. Wheat is the main item in the structure of Russian supplies. However, its share in the total volume this year decreased to 52% against 58% a year earlier. As of October 11, 5.7 million tons of wheat were shipped to Turkey (4% more than last year's figure by this date) by $ 1.2 billion (9% more). Sunflower oil supplies since the beginning of the year have grown by 36%, to 528 thousand tons worth $ 355 million. Agroexport also reported that bran shipments increased by 16%, to 765 thousand tons, in value terms - by 14%, to $ 117 mln. Turkey accounts for more than 94% of the bran exported by Russia. The top 5 exported products include corn, sales of which in volume increased by 1.8 times, to 484 thousand tons for $ 81 ...
Source: Dairy

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