The Ministry of Agriculture of Australia predicts that in 2023/24 the production of winter crops in the country will be 44.9 million tons (-34% compared to the coming season and 3% below the average level for the last 10 years).
In May, the export of wheat from Russia will reach 4.9 million tons, which is 3.8 times more than last year. Total grain exports are projected at 5.75 million tons, which is 3.1 times more than last year.
According to Rusagrotrans data, 4.3 million tons of wheat were exported from Russia in May (1.35 in May 2022). In June, wheat exports will be 2.6 – 2.8 million tons (compared to the record 2.77 million tons in June 2018).