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Wheat is one of the most important cereal crops worldwide, with a total production of over 780 million metric tons in 2021. It is primarily used for making flour, which is used as a base for various food products, such as bread, pasta, and pastries.
The top wheat producers in the world are China, India, Russia, and the United States. China is the largest producer of wheat, with a production of around 134 million metric tons in 2021, followed by India with 110 million metric tons. Russia and the United States produced 85 and 50 million metric tons, respectively. These countries also account for the majority of wheat exports.
The top wheat exporters are the United States, Russia, Canada, and Australia. The United States is the leading exporter of wheat, with a total export of 28 million metric tons in 2021, followed by Russia with 25 million metric tons. Canada and Australia are also major exporters, with exports of 21 and 17 million metric tons, respectively.
The general wheat market is influenced by various factors, including weather conditions, government policies, and global demand. Drought, floods, and other natural disasters can significantly impact the production and supply of wheat, leading to price fluctuations. Moreover, government policies such as subsidies, import and export restrictions, and tariffs can also affect the market.
The global demand for wheat is expected to increase in the coming years due to the growing population and changing dietary habits. The increasing demand for wheat-based products in developing countries is also contributing to the growth of the wheat market. However, the market is also facing challenges such as climate change and the emergence of new diseases that can affect wheat production.
Here are the prices of wheat per kilo and per ton for some of the top wheat producing and exporting countries as of September 2021:
North America
United States: The price of wheat in the United States was around $240 per ton (FOB) in September 2021.
Europe
France: The price of wheat in France was around €220 per ton (FOB) in September 2021.
Germany: The price of wheat in Germany was around €220 per ton (FOB) in September 2021.
Russia: The price of wheat in Russia was around $290 per ton (FOB) in September 2021.
Asia
India: The price of wheat in India was around $260 per ton (FOB) in September 2021.
Kazakhstan: The price of wheat in Kazakhstan was around $300 per ton (FOB) in September 2021.
China: The price of wheat in China was around $320 per ton (FOB) in September 2021.
South America
Argentina: The price of wheat in Argentina was around $260 per ton (FOB) in September 2021.
Australia
Australia: The price of wheat in Australia was around $290 per ton (FOB) in September 2021.
It's important to note that these prices are subject to change depending on various factors such as supply and demand, weather conditions, and government policies. Additionally, these prices may not reflect the current prices as of today, since my knowledge cut-off is in September 2021.
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