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IKAR in Mass Media

Russian Share of Turkey’s Wheat Market Has Declined

11 февраля 2022 года

Russian wheat exporters’ share of Turkey’s market has fallen, in part due to export taxes, Dmitry Rylko, director general at consultant IKAR, said at a conference in Moscow.

Russia’s share of Turkey’s imports has fallen to 65% this season, from 82% last season, he said

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Ukraine’s share of Turkish market has risen to 25% from 12%

Russian share of Egypt’s market also fell; Egypt and Turkey are two key markets for Russian wheat exports

Still, Russia made breakthroughs in new export markets in Saudi Arabia and Algeria, and sales to Iran hit a record, Rylko said

NOTE: Russia started a floating export tax from June as part of efforts to keep domestic prices in check

Source: Bloomberg  |  #grain #WhereTheMarginIs   |  Comments: 0   Views: 8

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