Russia may become the top exporter of wheat

Russian grain exports in 2016-2017 should grow by another 40 million tons, according to the Ministry of Agriculture of the Russian Federation. European harvest forecasts suggest that Russia is likely to become the world's top wheat exporter for the first time in 2017. The Ministry of Agriculture of Russia predicts grain harvest of 106-110 million tons in 2016

Russia could begin supplying wheat to Venezuela by the end of this year, if both sides agree on a draft document on food safety. Venezuela relies almost exclusively on imports to meet its wheat demand, importing about 120,000 tons of grain from the United States and Canada every month.

Rosselkhoznadzor also says it is interested in supplying wheat to Thailand and increasing exports to Indonesia and Iraq. In 2015-16, Russia exported a record 33.893 million tonnes of grain, including 24.604 tonnes of wheat, surpassing the United States and Canada.