Global wheat importers are bracing for supply cuts due to attacks on grain infrastructure and ships in the Black Sea, raising risks for key buyers Egypt and Indonesia and pushing up prices.
Reuters writes about this.
Wheat futures in Chicago have risen more than 17% since the beginning of July. The main reason is the reduction in offers from the Black Sea. However, prices are also rising in other major exporters — Argentina, Australia and the United States.
Attacks on ports and ships in recent weeks have forced some grain terminals to close, forcing shippers to delay or cancel dozens of cargoes during the peak export season. A Singaporean trader who transports wheat via the Black Sea said ships were due to start arriving in mid-August, but many have not been able to dock for loading. Buyers are now considering replacing some of their supplies with wheat from Australia, North America and Argentina.
Major importers such as Egypt, Indonesia, Algeria, Bangladesh, Jordan, Thailand, Tunisia, and Vietnam also rely heavily on wheat from Ukraine and Russia.
According to the Ministry of Infrastructure, in July, Ukraine recorded 35 attacks on ships in port, 22 at sea, and 67 on port facilities. In 2025, there were a total of 15 such attacks.
In early January, the Foreign Intelligence Service wrote that under the guise of Russian exports, Russia continues to export grain from the temporarily occupied territories of Ukraine. In total, in 2025, Russia exported 2 million tons of grain from the occupied territories of Ukraine.
- Over 90% of Ukrainian grain exports are handled by seaports. Due to Russian strikes, the Ministry of Agrarian Policy of Ukraine has lowered its forecast for grain exports in the 2026-2027 season from 43 million tons to 38-40 million.
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