War in the Black Sea has raised wheat prices again! Critical warning for Turkey

The Center for News / In the global wheat market, balances are beginning to shift again. While a decrease in prices is expected due to the impact of the harvest season, increasing geopolitical risks and production concerns in the Black Sea have put wheat prices back on an upward trend. Now, not only the amount of wheat produced globally, but also whether the produced product can be safely and uninterruptedly transported to international markets is among the key elements determining prices. Developments in Russia and Ukraine, which are among the largest exporters of global wheat trade, continue to directly affect the world grain market. Attacks on ports, grain terminals, and maritime transportation in the Black Sea are increasing the concern that exports may be disrupted. Particularly, the threat to Ukraine's export capacity at its Black Sea ports and occasional disruptions in ship traffic at Russia's main grain export center, the Port of Novorossiysk, are raising the risk ...