Russia drives wheat prices to near 3-year low with export push

Bumper crop staves off supply fears but feeds concerns about overreliance

20231016N wheat REU

Russia's wheat exports have kept up with rising global demand, particularly from developing countries. © Reuters

MISA HAMA, Nikkei staff writer

TOKYO -- Global wheat prices have sunk to their lowest level in about three years as Russia pushes exports of a bumper crop, easing food inflation while driving up concerns about an overreliance on Russian grain.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.