Turkey became the largest buyer of wheat from the Russian Federation in the first half of the agricultural year

Published Jan 10, 2024

Tridge summary

Turkey remains the top buyer of Russian wheat despite a 2% decrease in imports, with Egypt in second place and Bangladesh in third. The increase in purchase volumes from Bangladesh has compensated for the decline in sales to Turkey and Egypt. The Union of Grain Exporters expects Egypt to increase its pace of purchases in the second half of the year, as Russian wheat dominates tender results.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Moscow. January 10. INTERFAX.RU - Turkey retained its leadership in purchases of Russian wheat in the first half of the current agricultural year (July 2023 - June 2024), despite a decrease in supplies. According to the Union of Grain Exporters, in July-December 2023, it imported 3.929 million tons of wheat from the Russian Federation. But this turned out to be 2% less than last year’s figure. In second place, just like a year ago, is Egypt, which purchased 2.952 million tons of Russian wheat. The reduction in imports on its part was more significant - by 24.7%. At the same time, supplies to Bangladesh, which closes the top 3, increased 2.4 times and reached 1.928 million tons. The top five buyers of Russian wheat also included Algeria - 1.448 million tons, which is 25.8% more than last year, and Iran - 1.063 million tons (39.8% less). As Eduard Zernin, chairman of the board of the Union of Grain Exporters, told Interfax, the increase in purchase volumes from Bangladesh has become ...
Source: Interfax

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