10 Countries that Export the Most Wheat in the World

9. Argentina

Exported value: $1 billion

Devaluation of pesos coupled with the removal of taxes on grain export have allowed Argentina to significantly increase wheat shipments at the end of 2015 and take over markets that were previously dominated by Russian exporters. The new policy, introduced by president Mauricio Macri’s government, is expected to raise the return on wheat by 85 percent. Reforms have encouraged farmers to increase the planted area, and the country’s agriculture ministry forecasts the planted area at 5.30 million hectares for 2016-17 which is a significant climb compared to previous season when 4.37 million hectares were under wheat. USDA’s data shows that the country exported 8.5 million tons of wheat in 2015/16 which is more than double compared to the previous season. The organization also predicts that shipments in the following season will remain unchanged.