30/05/2025
Russia needs to act quickly to maintain its position as the world’s largest wheat exporter, Deputy Prime Minister Dmitry Patrushev said on Friday, acknowledging a sharp slowdown in wheat exports this season.
Patrushev, who is responsible for agriculture in the government, said Russia will export 44.5 million metric tons of wheat and 53 million tons of grain in the 2024/2025 season.
The U.S. Department of Agriculture estimated last season’s wheat exports at 55.5 million tons, implying a drop of up to 20% this year. “The situation with grain exports is currently developing negatively. Compared to the same period in 2024, the dynamics are significantly lower,” Patrushev said at a conference in Sochi, southern Russia.
Russian farmers were hit by extreme weather conditions last year. They are also complaining about declining profitability from wheat cultivation due to high export duties, rising fuel and fertilizer costs, the strong ruble, and high interest rates.
Read the full article (Portuguese) | Back to the news menu
0