As per projections, the wheat exports of Ukraine will be declining by more than half in comparison to their earlier peaks, and wheat production will be hitting an 11-year low. In the preceding three market years, Russia's wheat export record was 33 mt, 39.1 mt, and 34.5 mt. The wheat exports of Ukraine declined from 21 mt in the year 2019-2020 to 16.8 mt in the year 2022-2023. Russia exports its wheat production significantly in North Africa, Central Asia, and the Middle East. The increase in Russian exports and the worldHuge wheat supplies from Russia have aided in easing the wheat price globally.

Source: The North Africa Journal July 17, 2023 11:08 UTC