International grain markets: Russia as a new power?
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Russia, a former net importer of wheat, has developed into one of the leading actors in the world wheat market within the last decade. Forecasts suggest that Russia's share in the world market may increase even further and Russia might become the world's largest wheat exporter by 2020. One key research question resulting from this development is whether Russia could use its newly-gained market position in order to exercise market power or price discrimination. This issue could be of particular significance for countries in Central Asia and the Caucasus where Russia - due to their geographical location - is facing hardly any competition. This Policy Brief analyses if and in which countries Russian wheat exporters exercise market power.