Morocco became a top export market for Russian wheat

28.02.2017

Russia exported 1931.5 KMT of wheat in January 2017, up 47% from January 2016 (1314 KMT), reports UkrAgroConsult.

Russian wheat exports have grown 4.5% in the 2016/17 season against a year ago. Russia shipped abroad 17631 KMT of wheat for the seven months of the current season versus 16874 KMT in July-January 2015/16.

UkrAgroConsult has already written about this season’s record wheat exports from Russia to Bangladesh, but similar achievements in the Moroccan market are worth mentioning, too. Russian exporters supplied about 650 KMT of wheat to Morocco in the period under review, or almost four times the total volume delivered for the entire last season (roughly 170 KMT was in MY 2015/16) and the highest ever amount of Russian wheat shipped to this destination. This trend stems from growing domestic consumption of wheat in Morocco in view of a plummeted harvest.

Over the recent years, the top wheat suppliers to this market have traditionally included the EU, Ukraine and Canada. Russia and the U.S. joined them this season.

Further prospects of the Black Sea grain market in the upcoming 2017/18 season will be discussed at the XIV International Conference “Black Sea Grain: Wind of Change”, which will take place on April 5-6, 2017 in InterContinental hotel, Kiev, Ukraine.

Black Sea Grain conference is large international platform, offering high quality market analysis and networking opportunities for the global leaders of grain and oilseed industry. The event is annually attended by over 800 agribusiness representatives from more than 400 companies and 50 countries worldwide.

 

UkrAgroConsult

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