How Russia is losing agricultural markets due to the war
russia’s wheat exports continue to decline sharply. It is expected that this agricultural season, which ends in June, will see a 20–25% decrease compared to last year.
▫️ Overall, wheat sales from russia have reached their lowest level in the last eight years.
Against the backdrop of growing economic problems, russian wheat is struggling to compete with higher-quality and cheaper products from European countries. Although the russian government is attempting to stimulate wheat exports by increasing quotas for exporters, it is not helping. Grain exports remain unprofitable for russian farmers.
The decline in wheat exports is another indication of systemic problems in russian economy caused by the war against Ukraine, sanctions, and kremlin’s neglect of developing all sectors except the military. Not even stolen Ukrainian grain can mitigate the deepening of these issues.
