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.
Russian President Vladimir Putin held more than three hours of talks with U.S. envoys Steve Witkoff and Jared Kushner in Moscow on efforts to end t...
South Korean President Lee Jae Myung has left for France for a four-day visit aimed at strengthening ties with Paris, including a summit with Frenc...
Iranian Parliament Speaker Mohammad Bagher Ghalibaf said on Sunday that the United States must recognise that the “rules of the game” i...
An eruption of Indonesia’s Mount Anak Krakatau has disrupted air travel, school activities and fishing operations, with hundreds of passengers stranded at Jakarta’s main airport on Sunday.
U.S. negotiators Steve Witkoff and Jared Kushner will visit Russia then Ukraine over the weekend, Russian state news agency TASS has reported, citing an unnamed source. Ukrainian President Volodymyr Zelenskyy has also said American envoys will visit the capitals of both countries.
U.S. negotiators Steve Witkoff and Jared Kushner have arrived in Moscow for peace talks on the Russia-Ukraine conflict, two people familiar with the matter said. They were met by Russian Presidential Envoy Kirill Dmitriev.
Iranian Parliament Speaker Mohammad Bagher Ghalibaf said on Sunday that the United States must recognise that the “rules of the game” in its war against Iran had changed “before it is too late”, a day after Washington struck several Iranian tankers in the Gulf.
Russian President Vladimir Putin held more than three hours of talks with U.S. envoys Steve Witkoff and Jared Kushner in Moscow on efforts to end the Ukraine war.
South Korean President Lee Jae Myung has left for France for a four-day visit aimed at strengthening ties with Paris, including a summit with French President Emmanuel Macron.
Adidas is facing calls for a boycott after featuring former Israeli soldier Shalev Biton in a campaign for its Single Shoe Service, as critics question the choice against the backdrop of the Gaza war and thousands of life-changing injuries.
Two Greek military pilots were killed on Saturday when an F-4 Phantom fighter jet crashed during an air show at Tanagra air base, north of Athens, officials said.
Russian President Vladimir Putin held more than three hours of talks with U.S. envoys Steve Witkoff and Jared Kushner in Moscow on efforts to end the Ukraine war.
U.S. ambassador to Israel Mike Huckabee told reporters on Saturday that there is no plan underway to force Palestinians out of Gaza, following Israel's government proposal on relocation plans for people in Gaza.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment