Russia becomes Vietnam’s top wheat supplier
Sunday, 09:13, 01/07/2018
Russia has become Vietnam’s top wheat supplier, selling 1.7 million metric tons of wheat to Vietnam between July 2017 and April 2018.
Ears of wheat are seen during sunset in a field in Krasnoyarsk region, Russia, August 29, 2017. Photo by Reuters
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Tom Basnett, manager at Market Check marketing company in Australia, told Bloomberg that Australia typically exported 10% of its wheat to Vietnam, but the country has been loosing market share in recent years to wheat from Russia.
However, Russian traders are worried that Vietnam could stop importing their wheat after weed seeds were spotted in shipment. Specialists were sent to Vietnam to discuss the issue.
According to a report by the UkrAgroConsult Agency, besides Vietnam, Russia has also increased its share of the world market by supplying wheat to the Republic of Korea, Kenya, Peru, Philippines, Malaysia and several other countries.