Support The Moscow Times!

Bumper Crops Expected

Ukraine and Russia, top wheat exporters in the Black Sea region, are ready to shake the global market with bumper wheat shipments, which could soar to 25 million to 30 million tons in 2011-12, analysts said.

Ukraine, which exported about 4 million tons of wheat in 2010-11, plans to boost exports to 9.7 million in 2011-12. Russia analysts expect it to export more than 20 million tons of wheat this season, up from 3.4 million shipped in 2010-11.

Analysts say favorable weather has helped the two states harvest bumper crops and keep prices at a level that allows them to take over markets in the Middle East and North Africa from European and other competitors.

The Russian harvest is about 40 percent complete and 51.4 million tons of grain by bunker weight were reaped by Aug. 17, including 34.3 million tons of wheat.

(Reuters)

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.