wheat field

Turkey is the leader in Russian wheat purchases

Turkey became the leading importer of Russian in July-November this year Wheat and bought it with 3,6 million tons. This was confirmed by the head of the analytical center of Rusagrotrans AG, Igor Pavensky, at the business conference "Agroholdings-2022" (organized by the magazine "Agroinvestor"), announced on Friday in Moscow.

This indicator is practically identical to the volume of the corresponding period last year.

A year ago, Iran topped the list with 3,7 million tons of wheat. This year it came third with 1,7 million tons. In second place was Egypt, which imported 3,1 million tons during the period, a 12% increase over the previous year.

As Pavensky said, wheat shipments in North Africa and the Middle East have increased significantly. In the direction of Southeast Asia, Bangladesh stands out, shipments to this country have increased by 1,7 times.

Overall, wheat exports from the Russian Federation amounted to almost 20 million tons in July and November, 1,3 million tons more than a year earlier. And in November, the Russian Federation exported 4,8 million tons. "This is a record, this month there have never been such quantities," he emphasized, recalling that the previous record for November was 4,5 million tons of wheat. According to the expert's forecast, by the results of the agricultural year (July 2022-June 2023), wheat exports from Russia may reach a record 43,5 million tons, Grains a total of 55 million tons (excluding flour and legumes). The previous record was set in the 2017/2018 agricultural year – 42 million tons of wheat.

As Pavensky believes, in the remaining time until the end of the season (until July 1, 2023), 3-4 million tons of wheat must be exported per month. "It's a pretty serious indicator, but it's achievable," he believes.

Source: UkrAgroConsult (Ukraine)

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