One of the most widely cultivated crops in the world wheat is a staple food for a populace of countries in every nook and corner of this world. It is cultivated as both cash crop and food crop. Wheat flour is the most widely used flour for making bread, pasta, cookies, pastries, muffins, and numerous other flour-made food items.
Top 5 wheat-producing countries
India, China, Russia, the USA, and Canada are the top five wheat-producing nations. If European Union was counted as a separate nation then it would have featured in the list of top 5 nations producing wheat. Pakistan, Ukraine, and Turkey are other major wheat-producing nations.
Top five wheat flour exporting countries
Top wheat flour exporting countries are India, Turkey, Germany, Egypt, Italy, and Uzbekistan. More than one-third of the total flour sold in the global market comes from these countries. Out of total flour sold in the global market, about two-thirds is made of wheat. This shows the importance of wheat flour in the global market. Tradologie.com generation next B2B procurement platform helps in selling not only wheat flour online but also flour made of lentils, other cereals, and peas.
Importance of flours including wheat flour
Different types of flour including wheat flour are a vital part of the global Agri commodities market today. Global demand for flour is showing an upward trend because of urban modern lifestyle preferences shown by people around the world. High consumption of bakery products has enhanced the importance of flours. Though dependence on flour is increasing now flour has been a staple food source for ages. The most important thing about flours is that the preference of flours changes with the region but still wheat flour is the single largest used flour in the world. All types of noodles, pasta, bread, and cakes are made of flour. Turkey is one of the most prominent exporters of flour.
Ukraine has been another leading exporter of flour. In 2018, the gigantic international wheat flour market attained the height of 385 million tons of consumption by volume with a 1.3% CAGR. 411 million tons of wheat flour consumption volume seems easily reachable by 2024. Demand for flour has been increasing with the increase in population and per capita income and this trend is not going to reverse. An increase in demand for flours in the global market has necessitated export-import of flours in great volumes.
Such buying and selling of flours give rise to the need for quick buying and selling of flours including wheat flour online on online B2B procurement platforms like tradologie.com. Tradologie.com is one of its kind inquiry to delivery B2B procurement platform dedicated to Agri commodities trade helping exporters to export wheat flour apart from other types of flour.
Impact of the ban of wheat exports from India on wheat flour exports
Ban of wheat flour exports from India has given a sudden fillip to wheat flour export from India. Suddenly after a complete curb on wheat flour ban from India, wheat flour export started rising exponentially and now it has gone up by seven to eight times. This has happened because Indian wheat exporters are trying to clear their wheat stocks by converting them to wheat flour. Bulk wheat exporters seem to be in an uncharacteristic hurry to clear their wheat stocks anticipating a complete ban on wheat flour ban too.
In such a scenario online B2B procurement platforms like tradologie.com can be of great use for online wheat flour export and import. Both exporters and importers can avail of the services of tradologie.com next-generation B2B procurement platform to sell and buy wheat flour online by registering on the platform using easy steps.
Uncharacteristic haste shown by wheat exporters to convert wheat stocks to wheat flour stocks for express stock clearance is natural as the government is not expected to let its purpose behind the wheat export ban remain unfulfilled and sooner or later is expected to ban wheat flour export also. The only way to get rid of wheat flour stocks in haste is to sell online. Tradologie.com inquiry to delivery procurement platform can help in such a scenario.
Impact of Ukraine-Russia war on global wheat trade
About one-third of the total production of wheat on the globe happens in Russia and Ukraine and after the start of the Ukraine-Russia war, this perennial source of supply of wheat got blocked resulting in soaring prices and even food crisis across the world. India, one of the biggest exporters of wheat, banned the export of wheat from its shores to ensure the food security of its people.
Now it is anticipated that wheat flour exports from India may also be banned shortly and the Indian government may even ban rice exports. Another problem for wheat production that the Ukraine-Russia war has presented is an impending scarcity of fertilizer as Russia is a big supplier of fertilizer. Scarcity of fertilizer can affect wheat production adversely.
Growth in the global wheat flour trade
In the marketing year 2021-22, the world wheat flour trade is expected to grow by at least 7%. IGC has predicted that compared to estimated figures of 13.9 million tons in the 2020-21 marketing year, in the 2021-22 marketing year it is expected that shipments will reach 14.2 million tons. This will end the decreasing trend of the 2020-21 marketing year, decreasing trend caused mainly due to covid pandemic.
Increased freight charges and scarcity of containers were another reason for constrained trade by volume in the 2020-21 marketing year, Such constraints are least expected in the whole 2021-22 marketing year. Poor local harvest in Iraq can contribute to the surge in imports of wheat flour into Iraq but only if Turkey, the main exporter to Iraq overcomes its logistical constraints to export to Iraq.
Turkey is expected to retain its number one position in the list of wheat flour exporters by touching 5 million tons exported in the 2021-22 marketing year. On the other hand exports of the second-largest exporter of wheat flour, Kazakhstan is expected to fall in the 2021-22 marketing year. IGC is forecasting an increase in exports from Argentina, the EU, and Egypt. Imports to leading importers like Afghanistan and Uzbekistan are expected to fall.
