World’s top wheat exporter Russia pivoting to other crops after heavy losses from extreme weather

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World’s top wheat exporter Russia pivoting to other crops after heavy losses from extreme weather - Malay Mail

Quick Summary:

Wheat harvest set to drop to 83 mln tons from 92.8 mln in 2023 Profitability of grain crops is approaching zero – Ro...

Such decisions will have direct implications for global wheat prices and inflation in major buyers like Egypt, as Russia is the world’s top exporter of the grain.

Others are waiting to see how global wheat prices perform in the next few weeks before making a final decision.“The profitability of grain crops is approaching zero.