A Russian agriculture consultancy group expects Russia to become the world’s second-largest wheat exporter in 2015-16, thanks to its weak currency, its large crop and a decline in competition from its main rivals.
Pro Farmers First Thing Today reports Russia is already exporting wheat at a record pace, and experts predict the nation’s total grain shipments to climb to 33.0 million metric tons to 33.5 million metric tons, including 23.0 or more million metric tons of wheat.
This would make Russia the second largest wheat exporter after the European Union for the first time.
USDA also expects Russia to be the second largest wheat exporter after the EU this marketing year.
In 2014-15, Russia occupied the number four wheat exporting spot, behind the EU, U.S. and Canada.
