The record
Written from the 1 report below. Nothing here is unsourced.
- Attacks on ports and vessels have significantly reduced grain exports from Russia and Ukraine, which collectively account for over a quarter of global wheat trade.
- Major importers such as Egypt, Indonesia, and Bangladesh are facing dwindling domestic inventories as shipments from the Black Sea region decline.
- Buyers are now turning to alternative suppliers like Australia, Argentina, and France, though often at substantially higher prices due to increased demand and logistical challenges.
- This supply disruption is forcing nations to scramble for grain as global wheat futures rise to a three-and-a-half-year high.
What to watch next
- Impact of Southern Hemisphere harvests on supply availability later in the year
- Capacity constraints and cost increases for alternative transport routes in Russia and Ukraine
- Potential for intensified market competition as importers with low stocks return for new shipments
Who said what1
Only words found exactly in the article are shown, attributed and linked to the line they came from.
Sherif Farouk
supply minister
1 quote · 1 outlet
“Egypt was diversifying away from Russia and Ukraine.”
In the article
…earlier, according to official data. Russia and Ukraine accounted for a large share of its shipments. Egypt is now looking towards France and other European suppliers. The country's supply minister, Sherif Farouk, said Egypt was diversifying away from Russia and Ukraine. Indonesia, the world's No. 2 wheat importer, received only around 60,000 tonnes of wheat from the Black Sea this month, compared with about 500,000 tonnes in September last year, according to Kpler. Indonesian millers…
Coverage1
All filed from India
Named Russia · Ukraine · Egypt · Indonesia · Bangladesh · Vietnam · Australia · Argentina · France · Romania · Bulgaria · India · United States · Libya · Bloomberg · Kpler
The 1 report is listed beside the record.
Ask this story
Answers cite the reports above, or say they can't.