The record wheat harvest for the second year in a row strengthens Russia’s position as the “number one” exporter in the global market, the agency writes. Bloomberg.
Export volumes increased as Russian traders overcame the financial and logistical difficulties they faced after February 24, 2022, the publication said.
The authors of the article argue that Russia’s “overflowing grain silos” have turned into a “fortune” for wheat consumers affected by the cost of living crisis. According to journalists, record deliveries have led to a record drop in prices in almost three years.
“Russian wheat does not have many competitors. Currently, Russia sets the price,” the agency quotes Strategie Grains grain market analyst Helena Duflo.
Before that, Bloomberg, quoting sources, WroteHe said that Russian wheat supply has reached record levels and export prices have fallen to their lowest levels in the last three years.
Previously in France reputedRussia dominates the grain market.