Masha Belikova

Home / Agricultural Economy / Agribusiness / Masha Belikova: Escalating Black Sea attacks disrupts grain exports, lift global wheat prices Agribusiness, Co-ops, Unions and Assoc., Events and Exhibitions, Extension - Information, Finance, Foreign Trade, Global News, Grains and Pulses, Statistical Facts 9 Views July, 2026… The Black Sea grain market has been thrown into turmoil after Russia and Ukraine sharply intensified their attacks over the past week, targeting ports, export infrastructure...

Key takeaways: Prices remain firm despite a strong crop outlook: Large wheat harvest expectations across the Black Sea have not translated into lower prices. Cost inflation and disruption are underpinning the market: Rising production, logistics and labor costs, alongside port disruption and currency effects, are keeping domestic prices elevated. Market standoff creating uncertainty: Buyers are waiting for lower prices while sellers resist discounting after last year’s losses.

Wheat futures in Chicago plummeted over the week, while in cash markets, Tunisia’s state grains agency, the Office des Céréales (ODC), bought 75,000 tonnes of soft wheat at $268.16 per tonne CFR, awarding the full volume to Bunge on an all-or-nothing basis. Bunge’s offer was among the lowest submitted, ahead of competing bids largely ranging $269-273 per tonne CFR. The purchase covers three 25,000-tonne cargoes for shipment between July 1 and August 15.