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 132 people have died and 570 have been injured after a 7.4 magnitude earthquake struck western Colombia on Monday, the Colombian Association ...
Ukrainian President Volodymyr Zelenskyy has warned that Russia is preparing to deploy additional North Korean forces on its territory and has received...
U.S. President Donald Trump has called for Iran to pay compensation for decades of deaths and damage, adding a new demand to peace talks as Tehran see...
Flights arriving at Catania airport in eastern Sicily were suspended after volcanic ash from a new eruption of Mount Etna drifted into the airspace around the airport, disrupting operations at one of Italy’s busiest aviation hubs.
One hundred years after the First World War and more than eighty years after the devastation of the Second World War gave rise to the United Nations, humanity once again finds itself living in an age of permanent crisis.
Greenland has issued a “strong warning” to a U.S. oil company linked to President Donald Trump after drilling equipment was brought ashore without the required government approvals, according to British media.
A deal on a new route for vessels through the Strait of Hormuz is "very close," Iranian Foreign Minister Abbas Araghchi has said, while warning that the reopening of the waterway depends on the U.S. meeting other conditions, including paying compensation to Iran.
Iran said it was nearing a final pact with Oman defining new shipping lanes between them through the Strait of Hormuz but repeated that the U.S. must meet other conditions.
Ukrainian President Volodymyr Zelenskyy has warned that Russia is preparing to deploy additional North Korean forces on its territory and has received more ballistic missiles from Pyongyang, arguing that their growing military cooperation poses a threat beyond Ukraine.
U.S. President Donald Trump has called for Iran to pay compensation for decades of deaths and damage, adding a new demand to peace talks as Tehran seeks compensation and sanctions relief before reopening the Strait of Hormuz.
At least 132 people have died and 570 have been injured after a 7.4 magnitude earthquake struck western Colombia on Monday, the Colombian Association of Capital Cities reported.
Thousands of lawsuits accusing some of the world's biggest social media companies of designing platforms that keep young users hooked can now move forward after a U.S. appeals court rejected an attempt to halt the litigation.
A growing oil spill from a stranded tanker carrying nearly one million barrels of Russian crude has raised environmental concerns off the coast of Oman, where authorities are racing to contain a slick that now covers hundreds of square kilometres near a protected marine reserve.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment