EU in Shock: Russia DOMINATES WHEAT Supply

Russia’s wheat exports have reached record levels, totaling 45 million tons in the 2022-2023 season, significantly outpacing the European Union’s 35 million tons. This surge is driven by favorable weather and strategic market expansion into regions like Latin America and Africa, where Russian wheat is now more competitively priced than EU products.
In contrast, EU farmers are struggling due to adverse weather conditions and increased competition. Countries like France have seen their market share decline, particularly in North Africa and the Middle East. Farmers are calling for more support from the EU, but bureaucratic delays hinder effective responses.
The geopolitical landscape complicates matters further. Sanctions against Russia have inadvertently affected EU farmers, making it difficult for them to compete with Russian wheat. As Russia continues to dominate the market, the EU must reassess its agricultural policies to maintain competitiveness and support its farmers amidst these challenges.