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September 23, 2020 | Bloomberg

Russia’s Dominance of Wheat World Grows

Country has steadily expanded market share in recent years

Russia looks set to cement its place as the dominant force in the wheat world, reports Bloomberg.

In 20 years, Russia has gone from being reliant on wheat imports to accounting for a fifth of global sales, as its fertile soils generate bigger harvests at attractive prices.

More than 100 nations from Egypt to the Philippines buy its grain, and Russia has sought to extend that list by adding markets where its wheat has been excluded because of rules over grain quality.

That ambition passed a milestone last week when major buyer Algeria gave Russia the green light to step up shipments there. 

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