Wheat is more omnipresent than we may think: bread, pasta, cereal bars, beer, and even some ice cream require wheat. With the ongoing Russia-Ukraine War, it's become impossible for the world to tap into the two countries' massive wheat supply like before. To understand how curbed wheat supplies have affected the world, we take a look into our own lives as well as countries that import most of their wheat from Russia & Ukraine.
The global grain market experienced price shocks throughout late February and early March. CME wheat futures reached a 14-year-high mark while corn futures reached close to a historical record. With Ukraine and Russia playing a crucial role in world grain production, the grain market is expected to face further turbulence. Learn more about the situation, how it affects key importers and alternative producers, and expectations for the upcoming months in this episode.
Wholesale lime prices in Mexico are skyrocketing. What caused the increase in prices? How are market dynamics changing?
Palm oil prices continue to hold high since the beginning of the pandemic. What are the main contributors to the high prices and how have recent developments in main producing regions kept the status quo? Tridge's Global Market Analyst Prince Yawson joined us to share his insight into the situation.