The global wheat market has been in focus since Russia invaded Ukraine in February last year. Many countries feared they would not meet domestic needs due to supply constraints resulting from war in one of the world’s major producing regions. The price surge after the invasion was also a big challenge for importing countries such as SA.  

The Black Sea grain deal brokered between the UN, Turkey, Russia and Ukraine to allow the movement of grains out of the region has brought much-needed relief from possible wheat shortages. Wheat prices have since moderated markedly. At end-April SA’s wheat spot price was about R6,650 per tonne, down 10% year on year. ..

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