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Russia is set to maintain its dominance in the global wheat market, remaining the world’s top exporter for the second consecutive year, as global wheat exports face a sharp decline, according to the UN’s Food and Agriculture Organization.
Despite a downturn in global wheat exports this season, the FAO predicts Russia will continue to dominate the international market, supplying more than a fifth of global wheat shipments. Wheat exports from Russia are forecasted to reach 42.6 million tons in the 2024–2025 period, slightly above the three-year average of 42 million tons. This figure is expected to climb further to 46.5 million tons in 2025–2026, accounting for 22 per cent and 23 per cent of global exports, respectively.
Global wheat exports overall are projected to decline by 8 per cent to a four-year low of 193.3 million tons in 2024–2025, before recovering modestly by 3.8 per cent to 200.6 million tons the following year.
The European Union, previously the second-largest wheat exporter, will see its shipments fall sharply to 24 million tons this season, down from an average of 32.7 million tons over the past three years. A partial rebound to 30.7 million tons is expected in 2025–2026.
Canada will rank third among global exporters, with wheat exports forecast to rise by 19 per cent compared to previous averages, reaching 26 million tons this year. However, exports are projected to dip slightly to 25.5 million tons next season.
FAO analysts note that shifting weather patterns, logistical constraints, and policy interventions are all contributing factors to the evolving dynamics of global wheat trade.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 27 October, covering the latest developments you need to know.
China on Monday sought to keep ties with Australia on an even keel despite tensions over military encounters in the South China Sea this year and broader rivalry in the Asia-Pacific region.
A U.S. Navy fighter jet and helicopter crashed in two separate incidents over the South China Sea, the U.S. Pacific Fleet confirmed, adding that all crew members ejected safely and are in stable condition.
Russian air defence systems destroyed 193 Ukrainian drones overnight, including 34 that targeted Moscow and 47 over the Bryansk region where one person was killed and five others were injured, Russian authorities said on Monday.
Residents of the historic coastal town of Port Royal worked to secure boats and homes on Sunday, 26 October as Hurricane Melissa churned toward Jamaica, bringing fears of flooding and powerful storm surge.
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