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Where will Russia redirect exports after Europe closes?

05.06.2024
Where will Russia redirect exports after Europe closes?

Regarding cereals, the West buys only 1.5 million tons from Russia. This volume is not critical and can be redirected to Africa, World of NAN reports with reference to iz.ru.

The position of durum wheat to Italy is sensitive, these volumes are redirected to North Africa. Kazakhstan has all chances to occupy the Italian market with its durum wheat.

According to analysts, oilseed products (meal and cake), durum, flax, peas and cake will suffer most of all. There are other open markets for these crops. For example, Turkey and China for meal, India for peas, and durum can be redirected to the markets of North African countries: Algeria, Morocco and Tunisia.

Russia supplied up to 30% of the volume of flax for processing to the countries of North-West Europe, as well as meal and beet pulp. The highest share of EU countries in Russia's exports was for rapeseed meal - 60-65%. It was also actively exported by Belarus. There is an infrastructure for redirecting it.

Thus, there will be no special changes in the grain market. Kazakhstan has an opportunity to increase the supply of flax and oilseed products to the EC market.


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