Agriculture products prices are increasing amid widespread suppositions and weather that have dramatically reduced production worldwide. This is not only a market entry but also a price increase in grocery stores and restaurants.
Global wheat export by country was around $ 38.8 billion in the year 2019, down -1.2% for all wheat suppliers over the five years since 2015, when worldwide wheat export was estimated at $ 38.7 billion. On an annual basis, the value of global wheat exports fell by 7.1% from the year 2018 to 2019.
The USDA approximates wheat production in Russia for 2020/21 at 78.0 million-metric-ton, but 6% more than last year. The prediction embraces 58.0 million-metric-ton of winter-wheat and 20.0 million-metric-ton of spring-wheat. The total wheat harvest is estimated at 2.76 tons/ha, but 2% more than last year. The total area is forecast to be 28.3 million ha and is 4% more than the previous year.
As of February 2020, Russia will remain the largest wheat exporter in the 2020-2021 period, although production and shipments are expected to decrease slightly year over year. Russian official sources have reported that the major crops in autumn were cultivated on a record area of 18.2 million ha. Other factors that participated in the growth were the use of modern agriculture technologies such-as as fertilizers and modern agro-machinery.
List of Top Five Wheat Exporters Estimated In 2020
List of Top Five Wheat Exporters In 2019
|Country||Worth US $ (Billion)||% of wheat Export|
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