Mesut Çakmak, Chairman of the Board of TUSAF, said exports fell 22.5% year-on-year to about 2.345 million tonnes, but the industry is aiming to recover.
In 2022, India’s export ban rattled markets after Russia launched its invasion of Ukraine, which drove wheat prices sharply higher.
The arrangement is intended to cushion the country against potential shortages and ease pressure on consumers facing rising unga prices.
A strong delegation of U.S. industry representatives and USGBC members, including the Minnesota Corn Research and Promotion Council, The Andersons, CHS, TransGlobe, POET, Bunge, STONE X and CM Navigator were in attendance.
The launch of Argentine wheat exports to China reflects a high level of mutual trust and signals the growing maturity of economic and diplomatic relations.