EU Black Sea Wheat Cheaper Than Rivals' Due to Bumper Harvests

Combines load 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

Aine Quinn

Wheat from European Union countries bordering the Black Sea is trading cheaper than the commodity from competitors, as bumper crops in the region help push down prices.

The staple from nations including Romania and Bulgaria is less expensive than it is from majors producers France and Russia, according to UkrAgroConsult pricing.