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Russia has 4-5 million tonnes of old-crop wheat to export

1 Mar 2019

• 1 Mar 12:27

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Russia, the world’s biggest wheat exporter, still has a surplus of 4 million to 5 million tonnes of old-crop of the grain for exports, a leading exporter of Black Sea grain cargoes said on Wednesday. The market has been expecting the Black Sea Region suppliers, mainly Russia and Ukraine, to run out of surpluses after a hectic export programme in the second half of 2018, creating room for the United States to sell some of its large inventories. “Russia will be exporting old-crop wheat not just in April but even in July,” said the trader who declined to be identified as he was not authorised to speak to media. “Russia exports most of the wheat. Read more...