Global Wheat Prices Fall to US$459.59 Per Ton in June 2022

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Dzulfiqar Fathur Rahman 11/07/2022 11:40 WIB

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The average monthly price of wheat rose 60.94% to US$459.59 per ton in June from the previous year, according to World Bank data.

Average Monthly Wheat Prices (January–June 2022)

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Global Wheat Prices Fall to US$459.59 Per Ton in June 2022

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Average Monthly Wheat Prices (January–June 2022)

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Global wheat prices fell in June 2022. The monthly average wheat price grew by 60.94% to US$459.59 per ton in June compared to the previous year, according to World Bank data.

This growth rate was slower than the previous month's 75.71% increase. In May, the wheat price reached US$522.29.

The Russia-Ukraine war pushed wheat prices to significantly higher-than-usual levels. Before the war, Ukraine was the largest wheat exporter.

The Wall Street Journal, a New York-based media outlet, found that Russia had stolen wheat from occupied Ukrainian territories and sold it to its allies in the Middle East.

Ukraine is Indonesia's largest wheat import source, followed by Argentina, Canada, the United States, and Australia.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."