OREANDA-NEWS  The International Grain Council has raised its forecast for wheat exports from Russia at the end of the current agricultural season by 1 million tons to a record 53.1 million, as a result, the country will occupy almost 26% of the market for the first time, according to data from the International Grain Council, which was studied by RIA Novosti.
So, now the organization expects that in the current agricultural year Russia will export 53.1 million tons of wheat against the April forecast of 52.1 million tons. This will be the highest volume of exports in modern history and will be almost 10% more than last year's figure.

World wheat exports this year will reach 205.7 million tons against 207.4 million a year earlier. A significant increase in exports from Russia and Argentina (by 5.9 million tons) is offset by declines in Australia (by 11.2 million tons), Canada (2.4 million) and the United States (1.3 million).

The International Grain Council (IUCN) is an intergovernmental organization whose goal is to deepen international cooperation in the field of grain trade, as well as grain market stability and world food security. Russia is a member of the organization.