In this season world market is faced with the overproduction of wheat on a background of growth of production during the last 5 years, and high carryover stocks of grain. About this 23 February during his speech at the international conference Middle East Grain Congress in the UAE, said a senior editor of the grain Department of the information Agency Platts Andrei Agapi.

"In 2015/16 MG observed increased production of wheat in many key-exporting countries of wheat. In particular, increased gross harvest of grain Ukraine – to 27.5 million tons, compared to 24.5 million tons a season earlier, Russia – to 61 (59,1) million tons, USA – to 55.8 (55,1) million tons, Australia – to 24.2 (23,1) million tons and the EU – to 149.5 (149,1) million tons", - said the expert.

The analyst also assessed the export potential of wheat in selected key countries to the end of 2015/16 my. So, according to A. Agapi, for the remainder of the season is 4.5 months Ukraine can supply to foreign markets about 7.4 million tons of grain. For Russia this indicator is 5.8 million tons for EU countries is 12.5 million tons, USA – 8.1 million tons.

Separately, A. Agapi focused on India.

"In the current season in India, there is a decrease in gross yield of wheat by 7 million tons to 89 million tons. Thus, the country from exporting grain can pass into the ranks of importers and, depending on the decision on the future operation of the 25% duty on wheat imports, can import from 1 to 4 million tons grain", - said the analyst.

A. while Agapi said that potentially a key supplier of wheat to India will be to Australia.