Tensions in the Black Sea and regional droughts spark rising global wheat prices
After peaking in early 2022 following the Russian invasion of Ukraine, wheat prices have fallen over most of the past four years. This year’s U.S.-Israeli attacks on Iran and subsequent closure of the Strait of Hormuz sent energy and fertilizer prices soaring but had a relatively small impact on grain prices—grain exports were relatively unaffected, ...
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- Platts Wheat Marker hits 13-month low amid Black Sea disruptions, weak demand hellenicshippingnews.com