This article was automatically translated from HIBAPRESS, the Arabic version:
This article was automatically translated from HIBAPRESS, the Arabic version:
Heba Press – Rabat
The National Agricultural Agency of Russia announced that exports of Russian soft wheat to Morocco have reached a record level since the start of the current agricultural season, which begins in Russia in July. These exports reached around 900 thousand tons, making them significantly higher than the exports of France, which was previously the main exporter of wheat to Morocco, since its exports did not exceed 190 thousand tons during this campaign. In contrast, total exports from European Union countries, including Bulgaria and Romania, amounted to around 770,000 tonnes.
In this context, Igor Bavinsky, head of the agricultural market analysis department of RosAgro Trans, explained that this significant increase in Russian exports is due to competitive prices and high quality of Russian wheat, characterized by a protein content including between 11.5%, compared to French wheat, which usually contains only 11%. He also highlighted that Russian wheat prices remained low, reaching $235 per tonne in FOB terms, compared to $248 for French wheat.
The Russian agency added that these exports come at a time when Morocco is suffering from the repercussions of repeated droughts, which have led to a decrease in local wheat production by 40% compared to the previous campaign, reaching only 2.5 million tons. According to preliminary estimates, the Kingdom is looking to increase its wheat imports from 4 million to 6.5 million tonnes to 7.5 million tonnes this year, to meet local demand.
