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.
U.S. Vice President JD Vance has blamed the administration of former President Joe Biden for ammunition shortag...
U.S. forces struck two Iranian rocket launchers on Larak Island on Sunday, with Tehran responding by launching ballistic missiles at two U.S. bases...
The death toll from last week's catastrophic floods in Nepal and Tibet rose to 939 on Monday, with 3,044 peo...
Azerbaijani President Ilham Aliyev and Armenian Prime Minister Nikol Pashinyan have concluded talks in Bishkek, the capital of Kyrgyzstan, as leaders gather for the Shanghai Cooperation Organisation (SCO) summit.
Iran has reached an understanding with Oman on transit arrangements through the Strait of Hormuz, but the waterway will remain closed until the U.S. fulfils its commitments, a senior Iranian diplomat said on Saturday.
U.S. forces struck two Iranian rocket launchers on Larak Island on Sunday, with Tehran responding by launching ballistic missiles at two U.S. bases in Jordan in the first direct U.S.-Iran military escalation in weeks.
Russia views NATO’s growing military activity in the Arctic as a direct threat to its national security, Foreign Minister Sergei Lavrov said.
At least 37 people were killed after a Russian drone strike hit an ammunition depot in the Kyiv region, triggering powerful secondary explosions President Volodymyr Zelenskyy said on Saturday, vowing to punish suspected negligence in the second such incident in two months.
U.S. Vice President JD Vance has blamed the administration of former President Joe Biden for ammunition shortages within the U.S. military, arguing that years of insufficient defence spending left the armed forces under-resourced.
The death toll from last week's catastrophic floods in Nepal and Tibet rose to 939 on Monday, with 3,044 people still missing, as fresh rainfall pushed up river levels and forced rescuers to move to higher ground.
Recovery teams are continuing operations in Grand Canyon National Park after flash floods swept through parts of the canyon over the weekend, leaving one person dead and leading to the discovery of a second body that has yet to be recovered.
Türkiye, Pakistan and Saudi Arabia have formalised their new defensive alliance at the grouping’s first high-level meeting held Monday in Istanbul.
Iran’s President Masoud Pezeshkian has stated that Tehran is not pursuing a military conflict but promised a strong response to 'aggressors' while the Army and Revolutionary Guards said they carried out retaliatory attacks against U.S. bases in the region on Monday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment