Wheat Prices Soar As Ukraine Cuts Exports

Following Ukraine's announcement that it will cap exports starting in November, wheat prices rose to a record high on the Chicago Board of Trade. Ukraine is the world's seventh-largest wheat exporter, but following a period of drought and falling supplies, the government has decided to restrict exports in order to keep domestic prices stable. Wheat futures have more than doubled in the past 12 months, with a series of floods and droughts throughout the world reducing global inventories, which are now heading for a 26-year low. With wheat price skyrocketing, it is clear that food and drink producers are in

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