According to preliminary data, in August Russia exported 3217.7 KMT of wheat, up by 7.7% YoY.
Over two months of season 2016/2017 wheat exports from Russia increased by more than 10%, to 4771.9 KMT against 4324,2 KMT in July-August 2015/2016 MY.
Turkey, Egypt and Bangladesh remained the main importers during this period. In August, Russia resumed supplies to Morocco having exported 180 KMT up from the last season (172 KMT). Noteworthy, Morocco is one of the most important Ukrainian wheat markets.
Predictably, exports of Russian wheat to Iran decreased more than three times – to 105 KMT in July-August against 372 KMT over the same period of the 2015/2016 MY. (UkrAgroConsult/Business World Magazine)
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