November 22, 2008

The US increased its share of world grain exports in fiscal year 2007-08, according to a WTO report.

US exports of wheat and wheat flour rose to an estimated 34.2 million tonnes in 2007-08 or 31.3 percent of total world export, the report said.

The result is the highest for at least a decade, from 25 million tonnes or 22.7 percent, said the report.

US exports of coarse grains, including corn, barley, sorghum, rye, millet, triticale, oats and mixed grains also increased, the report said.

US exports of mixed grains increased to about 70.3 million tonnes in the year or 55.1 percent of the world total from 60 million tonnes or 54.3 percent in 2006-07.

Meanwhile, Canada's wheat exports fell to 16.4 million tonnes or 15 percent of the total, from 19.4 million tonnes or 17.6 percent. Russian wheat exports increased to 12.1 million tonnes or 11.1 percent from 10.9 million tonnes or 9.9 percent.

Argentina's coarse grain exports rose to 16.7 million tonnes or 13.1 percent of the world total from 14.2 million tonnes or 12.9 percent. Brazil's exports spiked up to 10.9 million tonnes or 8.5 percent from 5.9 million tonnes or 5.3 percent.