Russian Grain Exports Plummet to Soviet-Era Levels
The Russian Grain Union forecasts a significant decline in grain exports, projecting a drop to 48-49 million tonnes in 2025, a third less than the 72 million tonnes exported in 2024. This decrease, attributed to poor weather, seed import bans, and export duties, represents a substantial blow to Russia’s foreign currency earnings. Wheat exports alone are predicted to fall by 28%, resulting in a potential loss of its leading global position in the grain market. The resulting harvest is expected to reach historically low levels.
John Q. Hosedrinker