Main page   About us  |  Our news  |   Our services  |  Contacts
Main page guide Feedback RSS       In Russian



   IKAR in Mass Media
   Market prices
   Graphically speaking
   Market studies



   About us
   Our news
   Our services

IKAR in Mass and Industry Media

Russia Is Ruling the World

Bloomberg, 20.11.17

- Egypt has bought only Russian grain in the past six tenders
- Cheaper prices help Russia grab more of the export market

(Bloomberg) -- When it comes to selling wheat to the world’s biggest buyer, Russia is barely facing any competition.

Egypt’s state buyer purchased 1.1 million metric tons in the past six tenders, all of it from Russia. The Black Sea country beat offers from Romania and France, while Ukraine has been absent from recent tenders.

Egypt’s choice to buy only Russian wheat is another sign of the country’s growing dominance in Middle East grain markets, where bread is often a state-subsidized staple food. Russia is offloading a record crop at cheaper prices, helped by lower production costs and a weaker ruble.

Russia’s wheat sales to Egypt via tenders have almost doubled from a year earlier. The country now accounts for about 75 percent of imports by Egypt’s General Authority for Supply Commodities.

All viewing: 230

Where The Margin Is
Annual Conference Agribusiness
media feedback

IKAR is a member of International research project Agri Benchmark from May 2010

Agri Benchmark

Putin Is Growing Organic Power One T-34 Tank-Tomato at a Time

Grain | Cereals | Sugar | Oilseeds | Feedstuffs & Ingredients | Meat | Dairy

IKAR. Institute for Agricultural Market Studies.

© 2002-2020  
IKAR. Institute for Agricultural Market Studies
24, Ryazansky str., off. 604, Moscow, Russia
Tel/Fax: +7 (495) 232-9007 | |  Feedback

Rambler's Top100 Рейтинг
Google translate: Google translate: Russian Google translate: German Google translate: French Google translate: Italian Google translate: Portuguese Google translate: Spanish Google translate: Turkish Google translate: Lithuanian Google translate: Chinese Google translate: Korea