Russian Wheat Exports PLUNGE
March 15, 2022- 6:57 p.m.
Russia has supplied 23mn tons of the crop to the global market since the beginning of the 2021-2022 agricultural year (July 1, 2021 – to March 10,) 30.9% lower than the figure for the same date last season.
Overall grain exports are also down, with barley deliveries falling by 34.7% to 2.9mn tons, and corn shipments declining by 21.7% to 1.8mn tons.
Wheat prices hit record highs lately on supply shortage concerns due to the crisis in Ukraine.
Russia (the world’s largest exporter) and Ukraine account for about 30% of global wheat exports.
