Ukraine crisis drives wheat prices up to 14-year high (China Daily)

China Daily published an article stating that wheat prices have soared, with global food inflation impacted amid the Russia-Ukraine crisis that has severely impeded trade from Black Sea ports. Prices for wheat surged to a 14-year high last week, leading to costs that will inevitably be passed on to consumers worldwide. Agricultural experts warned of the impact of delayed shipments from the region. Senior research fellow, Joseph Glauber, told the FT that countries are “going to have to find different suppliers and all that means higher prices.”