Home News Economy Russia resumed grain’s supplies to Turkey

Russia resumed grain’s supplies to Turkey

Russian grain exporters renewed a deal with Turkish buyers after a short break caused by the deterioration of relations between the two countries.

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Russian grain exporters renewed a deal with Turkish buyers after a short break caused by the deterioration of relations between the two countries.

Russia is one of the world’s largest exporters of wheat. Turkey has been one of the main buyers of Russian wheat until the incident when the Turkish Air Force shot down a Russian bomber.

Since the conflict has been begun, Russian and Turkish traders delayed the signing of new contracts, because Moscow could expend sanctions to grain, but it hasn’t been introduced, and business goes on.

An anxiety over a possible disruption of supplies to the Turkish market that was in late November – early December, fortunately was not borne out, – said Andrei Sizov, the main director of consulting company “SovEkon.”

The Russians didn’t refuse the grain’s supplies to the major buyer, and the “grocery guard” Rosselkhoznadzor, which checks the grain’s export, didn’t comment the reason, writes Reuters.

Ankara bought 1.7 million tons of Russian wheat from July to November, it means that Turkey is the second largest buyer of this product after Egypt in 2015-2016 marketing year, which began on 1st of July.

It’s important to note that in 2014 Turkey was the biggest buyer of Russian wheat, purchasing 4.1 million tons.

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