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Free AccessGlobal Wheat Exports Down 3.5M Tonnes
An Atlantic Council report has shown that the Russia invasion of Ukraine has reduced global wheat exports by seven million tonnes from February to March 2022.
- This shortage will be partially offset by increased production and export from Australia and India but a net deficit of 3.5 million tonnes has been reported.
- The Spring sowing season in Ukraine has already been disrupted by the war and compounded by dry weather. If disruptions continue there are likely to be geopolitical risks in countries exposed to Ukrainian exports.
- Potential flashpoints are Turkey, Sudan, and Egypt, all of which import over 50 percent of their wheat from the two countries. All three have experienced political turbulence in recent years and a global grain shortage could lead to an uptick in political violence.
February to March change in global wheat exports USDA
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.