Increased Russian share in world wheat exports
According to IGC estimates, Russia had exported 55.3 million tons of wheat by the end of the season, exceeding IGC's June forecast of 53.1 million tons. This is the highest export volume in Russia's modern history and by almost 15 percent. more than last season.
As a result, Russia's share in world wheat exports increased to a record level of 26.1%. The previous record was set in the 2017/2018 marketing year with a share of 23.4%, and last season it was around 23.1%.
Greater global wheat exports last season
IGC estimates that global wheat exports last season amounted to 211.7 million tonnes compared to 208.7 million tonnes in the 2022/2023 season. In second place in wheat exports is the European Union, whose supplies increased by 0.7% to 35.3 million tons, but its share in the total volume decreased from 16.8%. up to 16.7 percent Canada rounds out the top three, reducing wheat supplies by 3%. to 25 million tons, and its share in total exports dropped from 12.3%. up to 11.8 percent
