MOSCOW: Swiss-based Solaris, a major trader of Russian wheat, is confident China will become a big buyer and also aims to boost exports to Egypt, Pakistan, Sudan, Tanzania and Turkey, it told Reuters, following breakthroughs in the Algerian market.
“China is a key target also for Russian grain exports and Solaris is confident that China will soon be a major buyer of Russian wheat,” Josh Martin, Solaris chief executive, said, without specifying what he meant by soon. “Solaris has been focused on increasing the supply of Russian wheat to existing markets like Turkey, Sudan, Tanzania and Egypt, as well as opening up new markets for Russian wheat such as Algeria and Pakistan among many others in progress,” Martin said.
Independently-owned Solaris has a strategic relationship with Demetra Holding, in which Russia’s second largest lender VTB consolidated stakes in Russian Black Sea grain export terminals.
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