World’s Wheat Heavyweights Are Exporting Grain at Just a Trickle
Top wheat shippers, including Russia, Ukraine and the European Union, got off to a slow start to the new season as exports were curbed by adverse weather and stockpiling by farmers.
Russian shipments in July, when sales usually boom as harvests roll in, are set to drop by 30% from a year earlier, according to an estimate from consultancy IKAR. Ukraine is only exporting at about a third of 2024’s pace, and the European Union is also shipping less.