Will oversee planning, initial occupancy of new Global Center for Grain and Food Innovation

Falling river levels, global competition contributing to decrease

Government incentives causing switch to other grains, particularly wheat

Black Sea supplies keeping wheat prices down

David Bratcher to succeed David Colo

Net sales climb 5.2%

Funding will help grow capacity, increase efficiency

So far the nation has exported 9.8 million tonnes

Will continue for five more years as government tries to tame inflation

Global stocks-to-use ratio described as ‘comfortable’