Click here to get this article in PDF
University of Illinois/Nick Paulson, Joe Janzen, Krista Swanson, Gary Schitkey and Carl Zulauf/2-28-2022
“Global production and export shares for wheat, averaged from 2017 to 2021, are reported for the top 7 wheat producing countries in Figure 1. Russia and Ukraine account for 14% of global wheat production and rank 1st and 5th, respectively. Both countries are prominent exporters, providing nearly 30% of global wheat exports. The EU, U.S., and Canada are also major producers and exporters of wheat. China and India are major wheat producers, but are net importers and provide relatively small shares of global wheat exports. Other countries with fairly large wheat export shares include Australia (8.4%), Argentina (6.6%), Kazakhstan (4.1%), and Turkey (3.4%).”
USAGOLD note: This link takes you to an informative look at the sources of agricultural commodities and their share of the global export market. For those who want a quick education on the importance of Russia and Ukraine to the global food chain, this article fits the bill.
The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.