100s of titles, one news app for just $10 a month.
Dive Deeper:
Urgency mounts for U.S. answer to Russian blockade
Officials say they have a narrow window to try to help Ukraine resume operations at the strategic port city of…
EU to help break blockade on Ukraine’s Odesa to free up grain exports
The European Commission said Thursday it would help Ukraine break the Russian blockade on the port city of Odesa, where…
Russia accused of food theft as G7 seeks to unblock Ukraine ports
Russia is being accused of large-scale grain theft as top diplomats from the Group of Seven wealthy nations gather in…
Live: EU ramps up military aid to Ukraine as diplomatic efforts intensify
The EU pledged an additional €500 million in military aid to Ukraine at a meeting of G7 nations on Friday…
One subscription that gives you access to news from hundreds of sites
UN chief tells Putin: ‘Open Black Sea ports, if you have any heart for rest of world’
David Beasley, head of the United Nations World Food Programme, pleaded with the Russian president to end the blockade of…
Ukraine accuses Russia of stealing its grain
Officials say Russian trucks loaded with Ukrainian produce are heading to Russian-annexed Crimea; local collaborators called for incorporation into Russia
Get all your news in one place
Latest Business news:
Fraud alert! AI identifies the four stages of a scam phone call
Australian researchers have used machine learning techniques to identify the typical four stages of fraudulent money-taking phone calls.
Read news from The Economist, FT, Bloomberg and more, with one subscription
Learn More
The Stats Guy: What does tourism in Australia look like now that travellers are returning?
The tourism sector is preparing for a comeback. So, what is the state of play in the sector and what…
Mining companies back away from Brazil's Indigenous areas
Some of the world’s biggest mining companies have withdrawn requests to research and extract minerals on Indigenous land in Brazil’s…
Yellen's global tax plan meets resistance abroad and at home
Last July, Treasury Secretary Janet Yellen celebrated it as a “historic day” when more than 100 nations agreed to a…
‘The rich have got much richer’: why art sale prices are going through the roof
Auction houses are recording a boom in sales after a return to pre-pandemic levels of supplies of works
From analysis to good news, read the world’s best news in one place
Japan, Europe tread different paths as G7 warns of inflation risks
Having long trod a similar path in tackling low inflation, Japan and Europe now appear to be taking contrasting approaches…
Just 10 weeks’ worth of wheat in global stockpile, UN warned
The world has only 10 weeks’ worth of wheat stockpiled after Vladimir Putin’s invasion of Ukraine disrupted supplies from the…

Putin says large Russian grain harvest to support higher exports

FILE PHOTO:Russian President Vladimir Putin chairs a meeting on economic issues via a video link, with Prime Minister Mikhail Mishustin and other officials seen on a screen, at the Kremlin in Moscow, Russia May 12, 2022. Sputnik/Mikhail Metzel/Kremlin via REUTERS

Russia, one of the world's largest wheat exporters, will increase wheat exports this year due to a potentially record harvest, President Vladimir Putin said on Thursday.

Russia competes with the European Union and Ukraine for supplies of wheat to the Middle East and Africa. It continues to export despite difficulties with logistics and payments caused by Western sanctions on Moscow over what Russia terms its "special military operation" in Ukraine.

Russia currently expects to harvest 130 million tonnes of grain in 2022, including 87 million tonnes of wheat, Putin told a meeting of top economic officials in Moscow.

Russia produced a record grain crop 133.5 million tonnes in 2020, including 85.9 million tonnes of wheat. The crop was smaller in 2021.

"If this happens, which we are counting on, it could be an all-time record [for the wheat crop] in Russian history," Putin said. He did not provide an export estimate.

Higher exports from Russia in the new July-June marketing season could help to partly meet rising global demand in the event that Ukraine's exports remain low and Kyiv does not regain access to its Black Sea ports, Sovecon consultancy said in April.

Ukraine's ports have been blockaded since Moscow began what it calls a "special military operation" in Ukraine on Feb. 24.

Russian exporters have largely managed to resolve problems with logistics and the transfer of payments caused by Western sanctions imposed on Moscow since late February and are exporting wheat from the Russian side of the Black Sea and sporadically from the Azov Sea.

(Reporting by Reuters; Editing by Kevin Liffey/Guy Faulconbridge)

What is inkl?
The world’s most important news, from 100+ trusted global sources, in one place.
Morning Edition
Your daily
news overview

Morning Edition ensures you start your day well informed.

No paywalls, no clickbait, no ads
Enjoy beautiful reading

Content is only half the story. The world's best news experience is free from distraction: ad-free, clickbait-free, and beautifully designed.

Expert Curation
The news you need to know

Stories are ranked by proprietary algorithms based on importance and curated by real news journalists to ensure that you receive the most important stories as they break.

Dive Deeper:
Urgency mounts for U.S. answer to Russian blockade
Officials say they have a narrow window to try to help Ukraine resume operations at the strategic port city of…
EU to help break blockade on Ukraine’s Odesa to free up grain exports
The European Commission said Thursday it would help Ukraine break the Russian blockade on the port city of Odesa, where…
Russia accused of food theft as G7 seeks to unblock Ukraine ports
Russia is being accused of large-scale grain theft as top diplomats from the Group of Seven wealthy nations gather in…
Live: EU ramps up military aid to Ukraine as diplomatic efforts intensify
The EU pledged an additional €500 million in military aid to Ukraine at a meeting of G7 nations on Friday…
One subscription that gives you access to news from hundreds of sites
UN chief tells Putin: ‘Open Black Sea ports, if you have any heart for rest of world’
David Beasley, head of the United Nations World Food Programme, pleaded with the Russian president to end the blockade of…
Ukraine accuses Russia of stealing its grain
Officials say Russian trucks loaded with Ukrainian produce are heading to Russian-annexed Crimea; local collaborators called for incorporation into Russia
Get all your news in one place