Indonesia stepping up wheat imports from Russia

07.11.2017

Russia exported 4.1 MMT of wheat in September 2017, or 15.8% more than in September 2016.

The 2017/18 pace of wheat exports from Russia is 12.7% ahead of last year. Over 9.4 MMT of wheat was shipped from the country in the first three months of the current marketing year, reports UkrAgroConsult.

As before, the key end markets for Russian wheat at the time traditionally included Egypt (21% of total deliveries) and Turkey (11%). Also, Russian wheat continued to be supplied to the markets of Bangladesh, Nigeria, Sudan, Azerbaijan, Lebanon, the UAE and others.

Noteworthy is a sharp rise in Indonesia’s demand for Russian wheat in the first months of the current season. Russia has exported more than 468 KMT of wheat to this market since the start of MY 2017/18, or already 36% more than for the whole last season (344 KMT was in MY 2016/17). This is an all-time high for Russian wheat shipments to this country.

Please note that Indonesia is a traditional end market for Ukrainian wheat since a few years ago.

 

UkrAgroConsult

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