Russia continues to solidify its position as the leading wheat exporter globally, with projections indicating a record-breaking 53 million tonnes expected to be shipped in the current marketing year. This figure, as reported by the International Grains Council (IGC) Grain Market Report, would give Russia a 26% global market share, its highest in history. Surpassing the European Union, the second-largest exporter, by a significant margin, Russia is the sole country among the top exporters expected to increase its exports this year. The ongoing conflict with Ukraine, another key exporter in the region, has not halted Russia’s dominance in the wheat market, with exports continuing to rise year after year.
Russia Projected to Export Record 53 Million Tonnes of Wheat, Dominating Global Market
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