Russia Wheat Exports Nearly Double What They Were Before War
- Russia’s wheat sales have jumped, but Ukraine’s have struggled
- The Black Sea grain-export deal is up for renewal in mid-March
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After a slow start to the season, Russia’s grain exports are booming as buyers load up on its attractive bumper supplies.
The country’s shipments of wheat — its main crop — almost doubled in January and February from a year earlier, Logistic OS data show. Buyers shunned cargoes earlier in the season when prices weren’t as appealing, but are now returning as last year’s massive harvest helps Russian grain to rank among the cheapest globally.