Russia is one of the strongest players in the world grains market. In 2022 Russia produced 150 mil tons of grains, including 100 mil tons of wheat. Considering investment dynamics, the Russian grains sector is firmly on the growth trajectory. Russia is in a position to export about 50 mil tons of wheat from the 2022 harvest and earlier stock, solidifying its leading role in the world wheat trade.
Considering Russia’s role in the Eurasian Economic Union, it can be said that Russia also has a considerable influence on Kazakhstan and Belarussian grains industries, providing a lot of inputs like fertilizers, equipment, infrastructure, etc. So, considering Russia and neighboring countries, we can say that Russia influences a grain-producing region that has an annual harvest potential well in excess of 200 mil tons.
So, we must conclude that FSU countries, Eurasian Economic Union, and especially Russia play a crucial role in providing food security for the world, exporting large volumes of grains, and making basic foods available and affordable to the growing world population.
