# Russian power in Asia's wheat market now includes Vietnam

> Bloomberg reports that Russia has expanded its share of Vietnam's wheat imports, with Russian wheat now competing against U.S., Australian and Canadian supplies. Russian exporters are using smaller ports to keep pace with record wheat export volumes. Vietnamese buyers are reportedly favoring Russian wheat on price and quality.

- Date: 2018-06-29 · published 2018-06-29T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/64576-russian-power-in-asia-s-wheat-market-now-includes-vietnam
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Record Russian export pace adds supply competition for U.S. and Australian wheat in Asia, which can cap export prices. Shifting import share changes the demand flow for other origins.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-01-29 | [Russia is strong competitor for wheat markets](https://feedsoft.ai/events/67027-russia-is-strong-competitor-for-wheat-markets.md) | +0.2% | +2.1% |
| WHEAT | 2017-02-20 | [Russia, EU to vie for top spot in key wheat markets in 2017/18 – Customs Today Newspaper](https://feedsoft.ai/events/72431-russia-eu-to-vie-for-top-spot-in-key-wheat-markets-in-2017-18-customs-today.md) | -0.7% | +0.2% |
| WHEAT | 2023-09-25 | [Explainer: Why are Russian export prices roiling the wheat market? \| Reuters](https://feedsoft.ai/events/34139-explainer-why-are-russian-export-prices-roiling-the-wheat-market-reuters.md) | -2.7% | -1.3% |
| WHEAT | 2018-01-25 | [Wheat School: Railways, Russia, and wheat markets in 2018 - RealAgriculture](https://feedsoft.ai/events/66835-wheat-school-railways-russia-and-wheat-markets-in-2018-realagriculture.md) | +0.7% | +2.2% |
| WHEAT | 2018-02-26 | [Tops in Wheat, Russia Moves Up as a Feed Grain Exporter](https://feedsoft.ai/events/66356-tops-in-wheat-russia-moves-up-as-a-feed-grain-exporter.md) | +1.4% | +1.3% |
| KWHEAT | 2018-01-29 | [Russia is strong competitor for wheat markets](https://feedsoft.ai/events/67027-russia-is-strong-competitor-for-wheat-markets.md) | +4.6% | +7.8% |
| KWHEAT | 2017-02-20 | [Russia, EU to vie for top spot in key wheat markets in 2017/18 – Customs Today Newspaper](https://feedsoft.ai/events/72431-russia-eu-to-vie-for-top-spot-in-key-wheat-markets-in-2017-18-customs-today.md) | -2.7% | -2.4% |
| KWHEAT | 2023-09-25 | [Explainer: Why are Russian export prices roiling the wheat market? \| Reuters](https://feedsoft.ai/events/34139-explainer-why-are-russian-export-prices-roiling-the-wheat-market-reuters.md) | -6.7% | -5.8% |

## Sources

- agupdate.com: https://agupdate.com/markets/market_news/article_4669e8b2-7ba9-11e8-9a83-9f8e692d6ac0.html

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.