12.02.2024, 09:49
The Russian Federation increased wheat exports to Algeria by 20% in the seven months of 2023/2024
Source: OREANDA-NEWS
OREANDA-NEWS From July 2023 to January 2024, the Russian Federation exported 1.6 million tons of wheat to Algeria, which is 20% more than in the same period last agricultural year (1.33 million tons), according to Igor Pavensky, head of the agricultural market analysis department at Rusagrotrans JSC, published in the Agroexport digest at the Ministry of Agriculture.
Algeria now ranks fifth among the largest importing countries of Russian wheat. Moreover, according to Rusagrotrans calculations, for the first time since the beginning of the season, Russia has supplied more wheat to the Algerian market than EU countries (1.2 million tons, according to the European Commission). Against this background, in the current season, exports from France fell from 1.6 million tons to 200 thousand tons from July 2023 to January 2024, the main volume is shipped from Romania and Bulgaria.
"We estimate the export potential in the current season at 3 million tons. In the future, supplies will also gradually increase. In addition to wheat, shipments of barley have begun, the export of which has already reached 237 thousand tons," Pavensky said. - The import of barley to Algeria is generally low - 700-800 thousand tons per year, but Russia has become the first in this market."
Pavensky recalled that Algeria is consistently among the ten largest world importers of wheat, taking 5th-6th place. The average annual import of wheat ranges from 7 million to 8 million tons. Including about 1.5 million tons of durum wheat are imported. Until 2020/2021, the main supplier of milling wheat to Algeria were the EU countries (France, Germany, the Baltic States), durum wheat - Canada.
Algeria now ranks fifth among the largest importing countries of Russian wheat. Moreover, according to Rusagrotrans calculations, for the first time since the beginning of the season, Russia has supplied more wheat to the Algerian market than EU countries (1.2 million tons, according to the European Commission). Against this background, in the current season, exports from France fell from 1.6 million tons to 200 thousand tons from July 2023 to January 2024, the main volume is shipped from Romania and Bulgaria.
"We estimate the export potential in the current season at 3 million tons. In the future, supplies will also gradually increase. In addition to wheat, shipments of barley have begun, the export of which has already reached 237 thousand tons," Pavensky said. - The import of barley to Algeria is generally low - 700-800 thousand tons per year, but Russia has become the first in this market."
Pavensky recalled that Algeria is consistently among the ten largest world importers of wheat, taking 5th-6th place. The average annual import of wheat ranges from 7 million to 8 million tons. Including about 1.5 million tons of durum wheat are imported. Until 2020/2021, the main supplier of milling wheat to Algeria were the EU countries (France, Germany, the Baltic States), durum wheat - Canada.
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