Wheat importers from around the world, such as Egypt and Indonesia, are facing a reduction in deliveries from the Black Sea due to attacks on grain infrastructure.

Wheat importers from around the world are preparing for a reduction in deliveries, following attacks on grain infrastructure in the Black Sea, which disrupt transport and increase risks to food security.

Futures prices for wheat have risen by over 17% on the Chicago exchange, mainly due to reduced deliveries from the region. Reciprocal attacks between Russia and Ukraine have led to the closure of grain terminals, forcing carriers to postpone or cancel shipments. Most importers, especially from Asia, rely on wheat from the Black Sea, having significant reserves for deliveries during the July-September period.

Although harvests in the Middle East and North Africa have mitigated the immediate impact, Egypt and Indonesia, the largest importers, are facing challenges in securing their wheat needs. Egypt, which obtained 82% of its imports from Russia and Ukraine, is feeling pressure in the private sector, while Indonesia is seeking alternative supply sources from other countries.