Russia, the world’s largest wheat exporter, expects to see sales down 15% y-o-y for August, to 4 million tons

Wednesday, September 4, 2019
Russia, the world’s largest wheat exporter, expects to see sales down 15% y-o-y for August, to 4 million tons

Russia, the world’s largest wheat exporter, expects to see sales down 15% y-o-y for August, to 4 million tons, Reuters reports from Moscow, citing SovEcon. By contrast, Ukraine’s wheat exports hit 4.1 million tons — up 55% — for July and August, the first two months of the marketing year. Russian sales are down as farmers wait for better world prices and the government slows export certificates, fearing the political cost of a rise in bread prices.

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