Russia is looking to take advantage of lower oil prices to expand its wheat export market by targeting new countries such as Algeria, Iraq and Saudi Arabia. Low transportation prices are enabling Russian firms to keep their prices competitive relative to their competitors in the US and Europe, but Russian wheat currently doesn't meet Iraq's gluten requirement, nor does it satisfy Algeria's strict bug damage controls, and it doesn't meet Saudi Arabia's high-quality specifications. Nevertheless, Russia has been in talks with officials in Iraq for This season and is preparing to send wheat samples to Saudi Arabia.
Russia is looking to take advantage of lower oil prices to expand its wheat export market by targeting new countries such as Algeria, Iraq and Saudi Arabia. Low transportation prices are enabling Russian firms to keep their prices competitive relative to their competitors in the US and Europe, but Russian wheat currently doesn't meet Iraq's gluten requirement, nor does it satisfy Algeria's strict bug damage controls, and it doesn't meet Saudi Arabia's high-quality specifications. Nevertheless, Russia has been in talks with officials in Iraq for the past two years and is preparing to send wheat samples to Saudi Arabia.