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Sri Lanka Equity Forum » Stock Market & Forum Help » Political and Socio-Economic Analysis » Russia becomes the world's leading wheat exporter

Russia becomes the world's leading wheat exporter

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VALUEPICK

VALUEPICK
Expert
Expert
https://rbth.com/business/2016/04/28/russia-becomes-the-worlds-leading-wheat-exporter_589031

The country will supply 25 million tons to the global market in 2016

Russia becomes the world's leading wheat exporter Combine_on_a_wheat_field_rtx1q1iq_top

The total grain harvest amounted to 104.8 million tons in 2015. Source: Reuters

Russia has become the world leader in the export of wheat, surpassing the U.S. and Canada, the country's Minister of Agriculture Alexander Tkachev told journalists on April 28. According to Tkachev, Russia will supply about 25 million tons of wheat on the external market by the end of 2016.

In 2015 Russia achieved record levels in the harvest of corn (13.2 million tons), rice (1.1 million tons), soybeans (2.7 million tons) and buckwheat (900,000 tons), the minister said. The total grain harvest amounted to 104.8 million tons in 2015.

Russia’s position as a leading wheat exporter in 2016 was reported by The Wall Street Journal in February, citing data from the U.S. Department of Agriculture.

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