West African markets are promising for the export of Russian grain through the Baltic ports

Russia

Published Nov 3, 2021

Tridge summary

According to the FSBI Grain Quality Assessment Center, today the ports on the Baltic Sea are a promising area for the development of not only the export of Russian grain products to Europe, but also for the diversification of its geography and expansion of Russian logistics capabilities.
For the Baltic direction, West African markets are promising (imports in 2020/21 amounted to 11.8 million tons (Russia's share is 18%), the forecast for 2021/22 is 11.1 million tons). Thus, the export of Russian wheat to Nigeria amounted to 1 million tons. But this is equal to only 15% of the total volume of grain imports to the named country. In addition to Russia, grain was supplied to Nigeria by the USA, Canada, Lithuania, and Latvia.

Original content

Our country exported domestic wheat with a protein content ranging from 11.7% to 14.5% with a weighted average of 12.9%. Ghana imports about 1 million tons of wheat grain, including deliveries from Russia amounted to 300 thousand tons. This was equal to 23% of the gross volume of grain imports into the country. Canada is a major grain supplier to Ghana. The protein content was 12.8%. Senegal is another interesting country for the export of grain products to West Africa. In this state, the population is 17 million people, and wheat imports in 2020/21. was equal to 700 thousand tons. At the same time, the share of Russia reached 43% (300 thousand tons). France is a major competitor for our country in the ...

Source: Zol