News

Russia Set for Second-Biggest Wheat Crop Amid Decade-Low Prices

Farmers may gather 67 million metric tons, according to market researcher UkrAgroConsult. The Institute for Agricultural Market Studies, or Ikar, pegs the crop at 67.5 million tons. Those would be the second largest after the estimated 73.3 million tons gathered last year. Read more

Russia Status as World Wheat-Export King Eroded by Oil Windfall

Surging oil prices that have helped revive the country’s energy-rich economy also drove the ruble up about 40 percent from last year’s lows. Read more

Bumper Russian wheat harvest to hit Australian farmers

The large volume of cheap Black Sea wheat currently flooding world markets — as well as a big North American harvest — pushed global wheat prices to a new low of $US180 a tonne this week. Read more