ANALYSIS-Wheat Buyers Brace for Higher Costs as Russia-Ukraine War Drags On
- Russian and Ukrainian wheat exports are on track to decline to roughly 1 million tons each in September, down from 5 million tons last year, according to agricultural consultancy SovEcon.
- Since July, intensified attacks on ports, terminals, and vessels have brought cargo movements to a near standstill, creating a global food supply shock as the Russia-Ukraine war blocks critical grain exports.
- Benchmark Chicago wheat futures have climbed 40% from June lows, prompting top importers including Egypt and Indonesia to seek expensive alternatives from France, Australia, and Argentina.
- Indonesian millers are paying 25% more for Australian wheat, while Vietnamese executive Tue Vuong, chief executive of Golden Wheat in Ho Chi Minh City, reported companies face empty berths and rising costs.
- Farmers in Russia and Ukraine are curbing wheat sowing for next year, potentially tightening 2027 supplies, while competition for cargoes is expected to intensify until the Southern Hemisphere harvest begins.
56 Articles
56 Articles
Wheat prices declined in European markets during yesterday ' s Thursdays, amid the expectation of customers of indicators of possible progress towards resuming grain exports across the Black Sea region.
The wheat prices at Euronext are falling on Thursday. The reason for this is Washington's new negotiations with Russia and Ukraine.
Russia-Ukraine war disrupts wheat supply: Which countries are running short and where are they turning for supplies?
Russia-Ukraine war is disrupting wheat shipments from the Black Sea, forcing major buyers such as Egypt, Indonesia and Vietnam to seek supplies from Australia, Argentina, France and other exporters, as tighter supplies push up prices and raise food inflation risks.
Wheat buyers brace for higher costs as Russia-Ukraine war drags on
![[your]NEWS](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2Ffb6dc495f74049f513563c33352175eaa0ecd509.jpg%3Fwidth%3D24&w=64&q=75){kind=small}
Wheat Buyers Face Higher Costs as Black Sea Supply Disruptions Tighten Markets
Wheat importers across Asia, the Middle East and Africa are preparing for higher costs as disruptions to Black Sea shipments reduce available supplies. Chicago wheat ... The post Wheat Buyers Face Higher Costs as Black Sea Supply Disruptions Tighten Markets first appeared on [your]NEWS.
Coverage Details
Bias Distribution
- 42% of the sources are Center
![[your]NEWS](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2Ffb6dc495f74049f513563c33352175eaa0ecd509.jpg%3Fwidth%3D60&w=128&q=75)
Factuality
To view factuality data please Upgrade to Premium
