Black Sea Attacks Disrupt Global Wheat Supplies

Global wheat buyers are facing a supply squeeze due to attacks on Black Sea grain infrastructure. The disruptions have forced shippers to delay or cancel loadings for dozens of cargoes, with many ships unable to go in to load.

The situation is particularly concerning for top importers such as Egypt and Indonesia, which rely heavily on wheat from Russia and Ukraine. In the first half of 2026, Egypt sourced more than 82% of its wheat imports from these two countries.

Traders are warning that switching to alternative suppliers will come at substantially higher prices, with Australian Premium White wheat quoted at around $315 to $320 a ton, compared to $260 to $280 per ton for most Black Sea cargoes.