#Wheat

The Cabinet of Ministers of Ukraine has authorized the Ministry of Economy to extend the maximum settlement deadlines for export contracts on wheat, corn, soybeans, and sunflower products by up to 180 days. The measure was adopted against the backdrop of attacks on Black Sea port infrastructure.

The Governor of Rostov Region has declared a state of emergency after Azov and Black Sea grain ports were shut down following drone attacks. Wheat exports in August fell to 1.9 million tonnes — a 16-year low — with more than 80% of grain export capacity paralyzed.

Bloomberg warns of a new global food crisis. Wheat and rice prices have soared due to wars, droughts, and rising fertilizer costs. 🌾📉