A French newspaper writes that even if there are transportation problems in the Black Sea, Russia will continue to dominate the grain market. Le Figaro.
The publication says Moscow has a good future if the wheat yield is high for the second year in a row.
“Despite uncertainty over the risks of shipping in the Black Sea, Russia will continue to dominate the grain market in 2023-2024,” write the authors of the article.
According to the United States Department of Agriculture, the world wheat supply will decrease by three million tons. At the same time, grain stocks will decrease, which will benefit Russia, now the world’s main wheat exporter.
Before that, the Ministry of Agriculture of Russia reportedIt is stated that from August 30 to September 5, the size of the tax on wheat exports will decrease to 3,729 thousand rubles.
Last ship previously covered by grain agreement left Black Sea.