Russia’s Wheat Exports Are Off to Flying Start With Bumper Crop
- Other major producers see shrinking harvests due to drought
- Russia has half as many customers as last year: Interfax
Photographer: Kirill Kudryavtsev/AFP/Getty Images
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Russia started the season exporting wheat at almost twice the speed of last year, just as Ukraine struggles to ship its produce due to the war and other major producers are hit by drought.
Russia has shipped 1.2 million tons of wheat in the first two weeks of this agricultural year, Interfax reported, citing comments from Russian Grain Union analyst Elena Turina. The number of countries buying its wheat has halved to 12 from a year earlier, but “shipments to countries that are our traditional buyers have sharply increased,” she said.