Russia wheat exports reach record while Ukraine dwindles
Russia is expected to exceed the 2022-23 season’s record wheat exports over the next 12 months, the USDA estimates
As the 2022-23 trading year ends, Russia has solidified its standing as the world’s top wheat exporter, reaching a record 45.5m tonnes according to the US Department of Agriculture. By contrast, Ukraine’s planted area has dropped ‘significantly’ as a result of the situation in Ukraine, with next year’s production forecast to be the smallest crop in more than a decade
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