Why are wheat prices rising and concerns increasing?

Wheat is a strategic commodity, and any disruption to its production or export flows is reflected in global markets.

Russia and Ukraine are among the world’s largest wheat exporters, while the Black Sea remains a key corridor for global grain trade.

Conflicts, threats to shipping routes and port operations, as well as higher insurance and freight costs, are increasing price volatility.

Markets also react to anticipated risks, often before any actual shortage in supplies occurs.