Russia, the world’s largest wheat exporter, will target global markets with its seeds and technologies as its grain markets are expected to shrink with other countries raising production, Agriculture Minister Oksana Lut said on Tuesday.
Ukraine’s wheat exports remained relatively low in the first half of January amid Russian attacks on Ukrainian seaports and low external demand, data from the country’s grain traders union UGA showed on Wednesday.
Ukrainian wheat exports have been curbed as Russia’s recent heavy attacks on Black Sea ports and energy facilities have forced the shutdown of some grain export terminals, Ukrainian farmers’ union UAC said on Wednesday.
Russia’s seaborne grain exports fell to 5.1 million metric tons in September, 10.1 per cent down on the same month of 2024, according to shipping data.
The first grain from Russia's new crop has arrived on the market, traders and analysts said on Monday, as top producing regions reported early harvesting results, with an expected drop in the Rostov region and a good harvest in Stavropol.
Agricultural consultancy Sovecon said on Wednesday it had slightly raised its forecast for Russian wheat production for 2025 by 0.2 million metric tons to 83.0 million metric tons, citing improved crop conditions in parts of central Russia.
Russia needs to act swiftly in order to maintain its position as the world's top wheat exporter, Deputy Prime Minister Dmitry Patrushev said on Friday, acknowledging a sharp slowdown in wheat exports in the current season.
The European Parliament voted on Thursday to impose prohibitive tariffs on fertilizers and certain farm produce from Russia and its ally Belarus to prevent a potential threat to EU food security and limit Russian funds for its war against Ukraine.