the price of wheat has exploded since the start of the armed conflict

Will wheat become the new yellow gold? Because Russia is the first wheat exporting country, and Ukraine the fifth. They alone export 30% of the world’s wheat. Today, 13 million tons of Ukrainian and Russian wheat are blocked in the ports, or become unsaleable because of the sanctions which weigh on Moscow.

Results ? Wheat prices are on the rise. It even crossed the bar of 400 euros per tonne, a price that has doubled in one year. Having become overpriced, Egypt canceled its last order. Turkey is almost 100% dependent on Russia and Ukraine for supplies. But for the moment, there is no question of talking about shortages. “In the short term, there is merchandise that can be mobilized at the cost of a very sharp rise in prices which is already setting prices records“, according to an expert. In India, a very large harvest is beginning.