Russia explores new wheat markets

Russian wheat will arrive for tests soon in Iraq – this is a state trader

Russia is also working on opening of Japanese market for its wheat

MOSCOW – December 17, 2020

Russia will send wheat for tests to Iraq soon, Kseniya Bolomatova, deputy chief executive at state-controlled grain trader United Grain Company (UGC), told a conference in Moscow on Wednesday.

Iraq said in November that the country had over 5 million tonnes of strategic wheat reserves from its local crop, enough to last for a year.

Russia, one of the world’s largest exporters of wheat, is also working on the opening of a Japanese market for its wheat, Bolomatova added.

UGC said in a separate statement that Russia plans to organise a visit by Japanese flour millers to discuss the issue in the summer of 2021 – subject to COVID-19 travel restrictions.

Source: Reuters