In 2016 Russia may become the world leader in the export of wheat: supply volumes are to increase by 3% in comparison with last year and reach about 23.5 million tons.
It is expected that Russia's competitors in this market – the United States and Canada – will reduce exports in the current year, Interfax cites the Wall Street Journal's prognosis.
This situation is explained by the strong dollar and increasing competition on the global market. In this situation, wheat from the USA is too expensive.
