The Union of Exporters named the main buyers of Russian wheat in July-August

In July and August, the first two months of the new agricultural year, the countries of the Middle East and North Africa became the main buyers of Russian wheat, according to a review by the Agroexport center, which refers to data from the Chairman of the Board of the Union of Grain Exporters Eduard Zernin.

In the first two months of the new season, Russia shipped a record volume of wheat to foreign markets, exceeding 9 million tons. More than two-thirds of Russian grain is exported to the markets of the Middle East and North Africa, he said.

Among the traditional markets, he named Egypt, which is one of the largest importers of wheat in the world.

“This season, we are noticing an increase in demand for domestic wheat, which is outperforming the competition with the products of all other suppliers,” Zernin said. - At the same time, demand is growing from Algeria, Bangladesh, Saudi Arabia, as well as other countries in Asia and Africa, which are gradually reorienting themselves to supplies from Russia.

Zernin said that this season, Israel, Kenya, Brazil and Yemen were in the top 10 buyers of Russian wheat for the first time.