Global wheat buyers are facing higher costs as disruptions to grain shipments from Russia and Ukraine tighten supplies. Chicago wheat futures have climbed around 40% from their June lows to a three-and-a-half-year high, while attacks on vessels and port infrastructure have severely reduced Black Sea cargo movements. Importers across Asia, the Middle East and Africa […]
Global food prices climbed to their highest level since late 2022 in August, driven by extreme weather, geopolitical tensions and growing concerns over agricultural supplies, according to the United Nations Food and Agriculture Organization (FAO). The FAO Food Price Index averaged 133.3 points, up from a revised 130.8 in July, marking the highest reading since […]
Wheat prices on the global markets have experienced a sharp rise following Russia’s declaration that it would consider ships heading to Ukrainian ports as potential military targets. This decision came after Moscow withdrew from a UN agreement that guaranteed safe passage for grain shipments through the Black Sea. In recent nights, Russia has launched attacks […]
Russia has informed the United Nations, Turkey, and Ukraine that it will not extend a crucial grain deal that allowed Ukraine to export grain through the Black Sea. Kremlin spokesperson Dmitry Peskov stated that the agreements had effectively ended on Monday. The deal permitted cargo ships to pass through the Black Sea from the Ukrainian […]



