In the current season the Black Sea region has become the key player on the world wheat market by achieving record high productivity during the 2016 harvesting campaign.
No doubt, in the 2016/2017 marketing year the region will confirm the leadership as world largest wheat supplier. But will the key countries of the region sell as much grain, and particularly wheat, as expected by the market?
Ukraine started the current season with record high grain exports, mainly owing to wheat, as corn shipments to the world agricultural market recovered only in October due to considerable harvesting delay.
Kazakhstan has just entered the world market with a new crop grain. And the market also expects record high shipments over the past five years. During the first month of the current marketing year exports confirmed this trend.
Russia currently raises most of the questions. (UkrAgroConsult/Business World Magazine)