Wheat prices in the international market have begun to surge, raising concerns among local importers in Bangladesh who are already grappling with a shortage of dollars. The escalating Russia-Ukraine conflict, coupled with the collapse of a dam in Ukraine, has impacted the global wheat market and raised uncertainties regarding the renewal of the Russia-Ukraine grain deal. As a result, the supply situation in the international wheat market has come under pressure, pushing up prices.
The dam collapse in Ukraine has damaged crops and disrupted the supply chain, further exacerbating the concerns. While Bangladesh government currently has sufficient wheat stock, importers worry about potential price hikes and supply challenges if the situation worsens. With Bangladesh heavily reliant on wheat imports, disruptions in the supply chain could pose risks to the country’s wheat availability.
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