This will amount to 22.5% of global wheat exports, a market-leading share. In the same period, Ukraine’s share of global wheat exports has shrunk from 9% to an expected level of a little over 6% for this season. “Ukraine’s [grain] exports are vital to its economy and to feed the world,” Bridget A. S&P Global expects its wheat exports to fall by 3.7 million tons to 13.4 million in 2023-24, the lowest in nine years. And a significant reduction in the global wheat supply could yet lift prices, suggests Welsh.

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Persons: Dmitry Medvedev, Vladimir Putin, ” Caitlin Welsh, Bridget A, Putin, Andrey Sizov, Stringer, ” Welsh, Sizov, Vladimir Nikolayev, Paul Hughes, ”, Olesya, Svitlana Vlasova Organizations: London CNN —, Russia’s Security, Global, CNN, Initiative, Center for Strategic, International Studies, Moscow, Twitter, Getty, Union, European Commission, EU, US Department of Agriculture, Reuters, Romania, P Global, “ Locations: Russia, Ukraine, Moscow, Nedvigovka, AFP, Ukraine’s, Poland, mudslinging, Egypt, Siberian Novosibirsk, “ Ukraine