A major trader of Russian wheat, Swiss-based Solaris is confident China will become a big buyer and seeks to boost exports to Egypt, Pakistan, Sudan, Tanzania and Turkey. “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.
Solaris was able to break into the Algeria market after France had dominated the market. The company also helped Russia to resume wheat exports to Indonesia and Vietnam.
Solaris also handles grain from Romania and Ukraine and is exploring export alliances for origins including Australia and Argentina.
