A combine drives over stalks of soft red winter wheat during the harvest on a farm in Dixon, Illinois, July 16, 2013. REUTERS/Jim Young/File Photo

Russia is widely expected to harvest a record grain crop and become the world’s largest wheat exporter in the 2017/18 season which started on July 1. (Photo: Reuters)
Russia will supply around 600,000 tonnes of wheat to Venezuela in the current marketing year ending next June, Russia’s agriculture minister told Reuters, deepening the Kremlin’s support for Venezuela’s troubled economy. Russian President Vladimir Putin and his Venezuelan counterpart Nicolas Maduro agreed a grain supply deal in May, providing a lifeline to the South American country which has faced soaring bread prices in recent years and queuing at bakeries has become common.
Russia, which last season did not ship any wheat to Venezuela, had not previously confirmed how much wheat it planned to supply under the deal. The supplies to Venezuela will be carried out as part of commercial contracts between Russian and Venezuelan state companies, Russian …