I
really have to call BULLSHIT on this.
No
one has reported on crop failures more than me, including in Russia, but I am not going to
buy into confirmation bias.
This
is fake news.
Russian
President Vladimir Putin holds his wheat off the global market?
Really?!!
"Droughts
had already curbed harvests around the Black Sea in 2018. That
tightened domestic grain markets in Russia and Ukraine and heightened
global anxiety over whether Russian President Vladimir Putin would
hold his wheat off the global market. He did, arguing that supplies
were better used at home. Domestic bread prices immediately fell,
while in the rest of the world they rose.
"And
then, Trump acts like he does not understand why so many people are
acting like they are starving."
---Joe
Neubarth
This
season's grain production in Russia has beaten last year's bumper
crop and the record harvest set by the USSR in 1978, according to new
data revealed by the statistics agency Rosstat.
Russia
has harvested around 135.393 million tons of grain, including 85.9
million tons of wheat, during the current growing season. This is a
million tons more than the previous record. Russia’s agriculture
ministry revised its projections for exports, with 50 million tons of
grain now expected to be shipped abroad.
And
just in case you think RT might be "fake news", try
Bloomberg
Russia Is Exporting More Wheat Than Any Country in 25 Years
It’s
been a long time since any country shipped out as much wheat as
Russia.
As
estimates for the Black Sea nation’s harvest keep growing, so does
the outlook for exports. The world’s top exporter is now expected
to sell 36.6 million metric tons overseas, according to consultants
SovEcon and the Institute for Agricultural Market Studies, or IKAR.
The U.S. was the last nation to ship out more, a quarter century ago.
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