ХІІІ International Conference “Black Sea Grain - 2016”
April 20-21, 2016, Kiev, InterContinental
 
 

The leading exporter of wheat in the medium term by 2024 will be the EU and not the Black Sea region, as previously thought

The leading exporter of wheat in the medium term by 2024 will be the EU and not the Black Sea region, as previously thought. Such forecast by FAO and USDA was presented to the conference participants by FAO expert, Dmitry Prikhodko.

According to him, by 2024 the EU will export about 35 MMT, Russia - 27 MMT, Ukraine - 12 MMT of wheat.

The expert also said the increase in the nominal price of wheat and corn should not be expected, and the real price for these crops, accounting for inflation, will decline.

D. Prikhodko also mentioned that by 2024 the world's GDP will increase by 3.5%, GDP growth in Ukraine will slow down from 4.6% to 3.3%, in Russia - from 4.9% to 2.9%.

 

 

UkrAgroConsult

 

Black Sea Grain