Russian wheat export prices were relatively stable last week, after more than a month of gains, as the risk of export curbs on grain eased.
Most businesses will consider exporting at some stage in their growth story, understanding the potential but perhaps not how to take the plunge.
Even for those that already export, or have done before, overseas ventures might have come about opportunistically rather than by design. As a result, success can be patchy or hard to replicate across further territories without the same initial good fortune.
Along with a good dose of courage and perseverance, having a clear strategy from the outset will help you secure the funding to realise your international ambitions.
The Moroccan Minister of Agriculture, Fisheries, Rural Development, Water and Forestry, Aziz Akhnoush, said last week in Rabat that agricultural products account for 77% of all Moroccan exports shipped to Russia, worth an estimated 1.5 billion dirhams (about 137.23 million Euro).
According to the figures announced by the Turkish East Black Sea Exporters Association, 108,000 tons of fresh fruits and vegetables were exported to Russia from the East Black Sea region in the first 8 months of this year. The export value was nearly 82 million USD. Peaches were at the top of the export products from this region, with an export volume of 13,915 tons and export value of 13 million USD.
Russia’s pork industry is being hampered by African Swine Fever (ASF) as outbreaks of the virus are preventing producers from exporting more to lucrative Asian markets and leaving them with falling prices at home, industry experts say.
Exports prices for wheat that have been rising recently, will rise even higher, while export rates will slow down after climbing to an all-time high in August, experts interviewed by TASS said.