Events unfolding because of the Russia/Ukraine conflict have once again had a major impact on world wheat prices this week. Following months of threats, Russia chose to halt its engagement with the UN-brokered Black Sea wheat export deal on Monday, which previously allowed vessels to safely collect wheat and other grains from selected Ukraine Black Sea ports. Since its inception a year ago, the deal has seen almost 33 million tonnes of grains and oilseeds shipped around the world, helping to supply some of the poorest nations.
You can also listen to the Frontrunner podcast - press play to hear the latest report. The report this week is read by marketing assistant, Becca Russell.