Russia's Share in World Wheat Market Increases to 28%: Logistics Company

© Sputnik . Vitaly Timkiv / Go to the mediabankWheat samples presented at the agro-industrial exhibition "Zolotaya Niva" in the Krasnodar region.
Wheat samples presented at the agro-industrial exhibition Zolotaya Niva in the Krasnodar region. - Sputnik Africa, 1920, 02.07.2024
Subscribe
In 2016, Russia became the largest global wheat exporter in terms of annual supplies for the first time in history.
Russia's share in the world wheat market in the 2023/24 agricultural year increased to 28%, a preliminary report by Russian agriculture logistics company Rusagrotrans indicates.
Russia exported 55.4 million tonnes of wheat, which accounted for about 28% (compared to 25% in the previous year) of the total world trade volume of 200 million tonnes, according to the analysis.

The country significantly outperformed the EU, whose countries sent 34 million tonnes of wheat to foreign markets, as well as Canada with 23.5 million tonnes, Australia with 20.5 million tonnes, and the United States with 19.6 million tonnes.

grain - Sputnik Africa, 1920, 01.07.2024
More Than 200,000 Tonnes of Russian Grain Exported to Morocco in 2024
According to the report, the top three buyers of Russian wheat are:
Egypt, which bought nearly 8.6 million tonnes of wheat this year;
Turkey (7 million tonnes);
Bangladesh (3.8 million tonnes).
Newsfeed
0