Wheat supplies in decline around the world

Crop failures in two of the world's biggest wheat exporters and quality concerns in the third-largest wheat exporters have pushed prices to multi-year highs, adding to worries about inflation. food prices for millions of the world's most vulnerable people. Drought and heat continued to affect wheat, which is grown on more land globally than any other crop, of Canada in July, months after a brutal winter hit. Russian crop. Wheat futures rose last week as the United States Department of Agriculture (USDA) cut its forecasts for Canadian and Russian output, dragging down global inventories and trade. Accompanying that is the shrinking US crop area, adding to the pressure. Households and governments will also feel the impact, especially in poor countries dependent on imports. And in the United States and elsewhere, higher bread prices will increase pressure on food supply chains already grappling with labor shortages and logistical difficulties. James Doyle, Executive ...