War and heat: Why are wheat prices soaring?
- Wheat prices have risen sharply amid disruptions to Black Sea exports as the Russia-Ukraine war continues and as changing weather patterns cause droughts that have sharply reduced production.
- Over the past month, Russia and Ukraine have stepped up attacks on each other’s grain terminals on the Black Sea.
- With Russia the world’s largest wheat exporter, and Ukraine among the top 10 grain-producing countries, these attacks have taken their toll on global wheat and grain supply.
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- Wheat prices have risen sharply amid disruptions to Black Sea exports as the Russia-Ukraine war continues and as changing weather patterns cause droughts that have sharply reduced production.
- Over the past month, Russia and Ukraine have stepped up attacks on each other’s grain terminals on the Black Sea.
- With Russia the world’s largest wheat exporter, and Ukraine among the top 10 grain-producing countries, these attacks have taken their toll on global wheat and grain supply.
Sources: Al Jazeera