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The largest grain trader from Rostov reduced exports by 1 million tons
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The largest grain trader from Rostov reduced exports by 1 million tons

In 2022, TD "Rif" from Rostov exported 6 million tons of wheat and 890 thousand tons of barley. The total volume reached 7 million tons, which is 1 million less than the previous year. The company is still the leader among Russian grain exporters.

23 April 2023 23 April 2023

In 2022, the largest Russian grain exporter, Trading House (TD) Rif, registered in Rostov, shipped over 6 million tons of wheat and over 890 thousand tons of barley abroad. In total, about 7 million tons are obtained. This is 1 million tons less than a year earlier. Such figures are given by "Agroinvestor", referring to the representative of the trader. The source clarifies that TH "Rif" still tops the rating of Russian exporters.

“We do not observe sharp and abrupt processes in expanding the country structure of grain exports, the situation remains stable, and we hope that this will be the case in the near future,” the source of his interlocutor in the company quotes. — <...> New opportunities are opening up for the Russian agro-industrial complex: buyers from Egypt, Turkey, Pakistan have increased their activity, Algeria has recently added to this list.

Trade House "Rif" has always focused mainly on Asian and Eastern markets. A representative of the organization told "Agroinvestor" that in the new political environment, he retained "the list of sales markets without harming himself." As N wrote, at the end of 2022, the trading house resumed deliveries of wheat to Vietnam after a long break.

- With the support of the Ministry of Agriculture, active negotiations are underway on the export of agricultural products to China, Malaysia and Indonesia, - they told Agroinvestor in Reef. - In addition, there is a dialogue on the supply of grain for rubles to Egypt, and a number of such transactions have already been successfully completed with Turkey.

In February of this year, it became known that Rif received the largest export quota in the country. From February 15 to June 30, 2023, it can supply 4.9 million tons of grain to the foreign market. Last year it was about 2.28 million tons. In terms of revenue, Rif is the largest private company in the Rostov region. In 2021, the company earned almost 177 billion rubles. and received a profit close to 1 billion rubles. The results for 2022 have not been published.

 

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