THE GLOBAL WINDOW OF TURKISH FOOD AND AGRICULTURE The Global Window of Turkish Food and Agriculture Sector
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The price of wheat per bushel rose to as high as 7.0850 dollars on international markets today, reaching a two-year high.
ISTANBUL…
July 2026…
Whilst grain markets are seeing rises due to geopolitical risks and concerns over weather conditions in the US, wheat is among the commodities attracting the most attention in terms of price movements.
Escalating tensions between Russia and Ukraine are heightening concerns regarding the supply of agricultural products, whilst forecasts of disruptions to supply and production are proving decisive in price movements in the wheat market.
Restrictions on access to Russia’s ports on the Sea of Azov and in the Caucasus, alongside attacks on Ukraine’s port infrastructure, are threatening the flow of grain through the Black Sea.
Forecasts for the 2026/2027 wheat harvest in Russia have been revised downwards due to lower yields in southern regions and a reduction in sown areas.
Russia and Ukraine are among the world’s largest grain exporters, and any disruption to their exports plays a significant role in shaping expectations regarding commodity prices and food inflation.
Wheat sowing areas have fallen to historic lows due to the impact of drought in key agricultural regions of the US. This situation has triggered a rise in wheat prices.
The spike in fertiliser costs, resulting from logistical problems in the Strait of Hormuz following the outbreak of the US/Israel-Iran war, has also led to sharp rises in wheat prices…
