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Grain: World Markets and Trade
Foreign Agricultural Service Circular Series
FG 01-03
January 2003
FSU Takes Larger Bite of Wheat Export Pie
2000/01 Market Share 2002/03 Market Share
-Other Majors includes Australia, Argentina, Canada, and the EU
Exports from the countries of the Former Soviet Union (FSU) have been surging for the past several months with this year’s total shipments forecast at nearly 24 million tons compared to under 5 million tons just 2 years ago. Consequently, the global wheat trade picture has changed dramatically with cheap and abundant FSU wheat taking markets from other exporters, especially those saddled with very tight supplies. Even the EU, with a near-record harvest, has had a difficult time competing with the FSU.
Top destinations for FSU wheat are the EU, North Africa, and the Middle East, partially due to a regional transportation advantage over most other major exporters. However, sales have also spread to Asia and Latin America. Many first-time importers of these supplies may consider switching long-term to the Russian and Ukrainian wheat if quality is satisfactory. Expanding grain handling and storage facilities at ports will also facilitate continued FSU growth potential. However, since production is highly variable, exports could show large year-to-year fluctuations.
Complete Grain Report in PDF: Text and Tables
The Grain: World Markets and Trade circular series no longer includes a printed version of the Historical Data Series for Selected Regions and Countries. Beginning with this month’s publication, these historical tables will be available only electronically. The historical tables, along with an electronic version of the Grain: World Markets and Trade circular are available via the FAS website (http://www.fas.usda.gov/grain/). The printed version of the circular will continue to include the Summary Tables and the Situation and Outlook reports.
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