Russia Wheat Exports May Gain If Policies Don’t Scare Buyers
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Russia, once the second-biggest shipper of wheat, may regain its share of the world market if government policies don’t scare off buyers, said Tetsuhide Mikamo, the director of Japan’s Marubeni Research Institute.
Russia may ship 10 million metric tons of wheat in the marketing year that started on June 1, up from last year’s 4 million tons, according to the U.S. Department of Agriculture. The eastern European country said it would lift a ban on shipments on July 1 as wheat production rebounds after the its worst drought in a half-century slashed grain output.