RE: Hot off the press.....................17 Jul 2023 13:00
Russia has become the top wheat exporter at the expense of Ukraine. How? Let's find out!
The wheat exports of Ukraine declined from 21 mt in the year 2019-2020 to 16.8 mt in the year 2022-2023. Not to miss, the wheat export records of Ukraine are forecasted to further decrease to 10.5 mt in the upcoming marketing year. The USDA has estimated that the production in the country may also decline to 17.5 mt. In case this happens, it would actually be the lowest record since the year 2012-2013.
Russia exports its wheat production significantly in North Africa, Central Asia, and the Middle East. Sure, the Black Sea Grain Initiative has aided Ukraine in the export of 16.8 mt in the year 2022-2023, around 39 percent of its wheat traveled through the land route to Eastern Europe, rather than through the corridors from the ports of Chornomorsk, Yuzhny, and Odesa. The markets of Ukraine have shifted significantly to Europe, majorly due to the shipment ease, as per the USDA. Earlier, the main markets for Ukraine's wheat export were North Africa and Asia.
https://www.jagranjosh.com/general-knowledge/russia-has-become-the-top-wheat-exporter-at-the-expense-of-ukraine-how-lets-find-out-1689358325-1