The net effect of the changes in the projections led the global production estimate for wheat to marginally rise to 765.55 million mt compared with 765.23 million mt estimated in October. Global exports estimate for 2019-20 was raised by 1 million mt to 180.68 million mt led by increase of exports from Russia, Ukraine and EU. Russia and Ukraine account for one-third of the wheat shipments by the top-eight wheat exporting countries. The two countries also account for a major portion of Black Sea wheat exports.