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Russia squeezing US out as agricultural superpower

November 13th, 2017
Categories: Past News

Link: https://www.rt.com/business/409704-russia-wheat-oust-us-egypt/

The US is being pushed out of the grain market as Russia's bumper wheat harvest has dragged down prices to record lows. Russian agricultural exports are booming thanks to a weaker national currency and massive investment. This year Russian farmers are expected to harvest the biggest crop in over a century. Russia will produce at least 83 million tons of wheat in the current growing season. Lower prices and close proximity to large markets gives Russia an advantage.

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