Moscow, June 14 -- Russia will remain the world's largest wheat exporter in the current and next agricultural years, continuing to account for more than a fifth of global supplies, according to Russian state-owned news agency RIA's calculation based on data from the Food and Agriculture Organisation of the United Nations (FAO).
FAO reported Thursday that global wheat exports in the 2024-2025 agricultural year will drop by approximately 8 per cent to reach a four-year low of 193.3 million tonnes and will only recover by 3.8 per cent to 200.6 million tonnes in the next season.
"The Russian Federation is likely to maintain its position as the world's leading wheat exporter," FAO analysts wrote.
According to the organisation's forecasts, ...