It is known that grain exports from Russia have increased by almost 14% to USD 6.8 bln. Shipments of oil and fats have risen 44.5% to USD 4.7 bln. Turkey buys Russian agricultural products most often with a share of 12.6%. It has increased imports by 33.9 percent to USD 2.8 bln. Next comes the EU, which has increased the purchase of Russian agricultural products by 32.5% to USD 2.5 bln. EU countries import 11.5% of Russia's total volume of agro-industrial products. China occupies the 3d place. Exports decreased 7.4% to USD 2.4 bln, or 11% of total.
Wheat is the primary export commodity. Now Russian wheat on FOB delivery terms is trading high, at USD 295/t. This season, it exported a sizable amount, approximately 5.5 mln. t. The Grain Union predicts that Russia will continue to be the number one supplier of wheat to the world market.
Turkey, Egypt, and Saudi Arabia are the top importers of Russian grain. China continues to be the largest purchaser of oil and fats industry products. Turkey and India are two more of Russia's top three importers of fats and oils.
The following countries are the most frequent purchasers of Russian agricultural products:
- Turkey;
- Egypt;
- UAE;
- Israel;
- Saudi Arabia;
- Asia;
- Africa;
- Kazakhstan;
- Belarus;
- Uzbekistan;
- China.
According to FSBI «Agroexport», the supply of agricultural products from Russia abroad last year amounted to USD 30.6 bln.
