The Times highlights the tremendous progress Russia’s agribusiness has made over the past 20 years
Russia has strengthened its dominant position in the global wheat market, increasing its exports by 18% in April compared with the same period last year. British newspaper The Times reported on this, quoting data of analytical company AgFlow.
At the same time, it noted that wheat exports from Ukraine fell by 32% last month compared to April 2021. The publication points out that the republic ranks fifth among the world’s largest wheat exporters, but at present, due to Ukraine’s mining of approaches to Ukrainian ports, more than 20m tonnes of grain from Ukraine cannot reach its destinations. Ukraine is using wheat deliveries as a weapon. In this connection, according to the newspaper, a number of countries, including Egypt, Iran and Turkey, have increased their purchases of wheat from Russia.
The Times also draws attention to the huge progress of the Russian agro-industrial complex over the past 20 years. The publication reminds that in 1999 Russia had a wheat trade deficit of $354 million; however, now Russia is the world’s leader, selling wheat to the value of over $8 billion.
“The West has purposely not imposed sanctions against Russian agriculture because that would be far more detrimental to those countries that rely on Russian wheat,” said Caitlin Welsh, head of global food security at the Washington-based Center for International and Strategic Studies.
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