Russian grain exporters see growth potential in India and China - News Summed Up

Russian grain exporters see growth potential in India and China


MOSCOW: Russian grain exporters see potential to increase supplies of pulses and cereals to India and China while continuing to focus on their traditional markets in the Middle East and North Africa, the agriculture ministry said on Tuesday.Turkey 's decision to halt wheat imports will not affect the level of Russian exports, it said in a statement following talks between Agriculture Minister Oksana Lut and grain exporters. "In the current environment, domestic exporters will focus on the key markets of the Middle East and North Africa, as well as on developing relations with India and China, where there is progress in the supply of pulses and broad prospects for grain crops. For us, by and large, given that the harvest will be significantly lower than the last two years, it will not have any negative impact. Egypt ranked first, Bangladesh third, with Pakistan and Algeria also in the top five importers. Grain supplies to Turkey fell by 23% on last season, reaching 6.5 million tons at the end of May.


Source: The North Africa Journal June 11, 2024 09:56 UTC



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