Wheat Jumps Most Since War in Ukraine Due to Weather Swings
An employee controls the loading of wheat into a truck during harvest in a field of a local agricultural enterprise in the Cherlaksky district of the Omsk region, Russia, September 8, 2023. REUTERS/Alexey Malgavko/File Photo
In April, Ukrainian farmer Yurii Sekh was looking forward to a good wheat harvest. One of the driest Mays in the region's records dashed those hopes. It also sent prices for the staple grain soaring, reviving fears of rising food costs.
Russia, which along with Ukraine accounts for almost a third of global wheat exports, has seen parched crops during a vital month for their development. Unseasonal frost also devastated acres of standing crops, and with harvests now only weeks away, the chances of a substantial recovery are dwindling.
