Reading Time: 2 minutes Strengths Russia is blessed with many advantages that strengthen its position as a wheat exporter: Russian wheat production is in close proximity to Egypt and Turkey — two of the world’s largest wheat importing markets. There is ample arable land — Russia possesses almost 10 per cent of the world’s arable land (122 m ha). […] Read more
Russia’s (grain) strengths… and weaknesses
Iran now self-sufficient in wheat, president says
Reading Time: < 1 minute New York | Reuters — Iran has become self-sufficient in wheat and aims to export wheat in the coming months, Iranian President Hassan Rouhani said on Thursday. “We had a good year that led Iran to stop importing wheat. We are planning to export wheat in the coming months,” Rouhani told a news conference on […] Read more
Russia muscling into rivals’ wheat markets
Reading Time: 3 minutes Moscow | Reuters — Russia is muscling in on the markets of its European and North American competitors as it overtakes the European Union to become the world’s biggest wheat exporter for the first time. Russia is expecting a record crop in the 2016-17 marketing season, which began on July 1, while EU harvests are […] Read more
Cigi course highlights customer relations
Reliability of Canadian wheat is the theme of Cigi’s annual international program
Reading Time: 4 minutes They come from 16 different countries, but have one thing in common — Canadian wheat. Participants in the 49th annual International Grain Industry Program at the Canadian International Grains Institute, better known as Cigi, came to Canada to learn more about where the grain they buy comes from, how it is grown and how it […] Read more
Lack of grain storage seen as record Russian crop looms
Reading Time: < 1 minute Moscow | Reuters — Russia is facing a lack of grain storage as it remains on track to produce the largest cereals crop in post-Soviet history, the head of Russia’s Grain Union, a non-government farmers’ lobby group, said Tuesday. Arkady Zlochevsky, the head of the union, told a briefing in Moscow he expected a grain […] Read more
Russia seen extending wheat export tax for 2016-17
Reading Time: 2 minutes Moscow | Reuters — Russia is likely to extend its wheat export tax for the 2016-17 marketing year, which starts on July 1, because the levy is at a minimum level under current market conditions, traders and analysts said. The government has also indicated it is unlikely to change the tax ahead of the next […] Read more
Grain consortium lobbying hard for Australia’s biggest wheat exporter
Reading Time: 2 minutes Sydney/Reuters – A consortium seeking to buy Australia’s biggest wheat exporter, Co-operative Bulk Handling Ltd (CBH), is stepping up lobbying for its offer amid concerns the deal may be snubbed and reports of a rival Chinese bidder. The Australian Grains Champion (AGC), which includes farmers and some former directors of CBH, wants to acquire and list […] Read more
Canadian wheat rejected in Egypt re-exported to Europe
Reading Time: 2 minutes Abu Dhabi | Reuters — A shipment of Canadian wheat rejected in Egypt over concerns it contained traces of ergot has been re-exported to Europe after Egypt’s agricultural quarantine rejected a petition from the supplier, trade sources said Thursday. Egypt’s quarantine authority has rejected a series of wheat shipments over traces of the common grain […] Read more
U.S. wheat futures could be scraping bottom
Reading Time: < 1 minute CNS Canada — A general downtrend in U.S. wheat futures remains in place, with all three markets hitting fresh contract lows over the past week. However, there may not be much more room to the downside, according to an analyst. “The (U.S. Department of Agriculture) reports on Tuesday (Feb. 9) were not beneficial for the […] Read more
Russia now expected to leave grain tax scheme intact
Reading Time: 2 minutes Moscow | Reuters — Russia, one of the world’s largest wheat exporters, is not expected to change its current regime of taxes on grain exports, sources said on Friday, following proposals to change them. Concerns over the possibility of tougher limits on Russia’s foreign sales of wheat sent global prices to a one-month high earlier […] Read more
A message from April Stewart, Country Guide's Associate Editor
