# FEATURE: Rising wheat prices make pasta and bread expensive | S&P Global

> S&P Global reports that wheat export prices rose 21% to 30% globally over the past year as drought and frost cut crops in Russia, the US and Canada. Canada's wheat output was lowered to a 10-year low of 24 million mt, and export regulations in Russia and Belarus are also supporting prices.

- Date: 2021-09-08 · published 2021-09-08T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/45097-feature-rising-wheat-prices-make-pasta-and-bread-expensive-s-and-p-global
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower exporter supplies and export curbs tighten the global wheat balance, pushing up feed and milling wheat costs and keeping prices firm into the new crop year.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-08-04 | [Global Heat Wave Toasts Wheat and Prices Soar](https://feedsoft.ai/events/9684-global-heat-wave-toasts-wheat-and-prices-soar.md) | +2.9% | +1.6% |
| WHEAT | 2021-05-13 | [A"maize"ing global support for wheat prices \| The Land \| NSW](https://feedsoft.ai/events/47137-a-maize-ing-global-support-for-wheat-prices-the-land-nsw.md) | -1.8% | -4.6% |
| WHEAT | 2018-05-29 | [Wheat prices are rising because of the hot and dry weather](https://feedsoft.ai/events/65065-wheat-prices-are-rising-because-of-the-hot-and-dry-weather.md) | -0.9% | -2.8% |
| WHEAT | 2024-05-22 | [Black Sea, Canadian wheat prices surge on weather, crop fears \| S&P Global](https://feedsoft.ai/events/30289-black-sea-canadian-wheat-prices-surge-on-weather-crop-fears-s-and-p-global.md) | -7.4% | -10.9% |
| WHEAT | 2021-10-26 | [Global wheat prices started the week with rapid growth](https://feedsoft.ai/events/44581-global-wheat-prices-started-the-week-with-rapid-growth.md) | +10.4% | +9.4% |

## Sources

- spglobal.com: https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/agriculture/090821-feature-rising-wheat-prices-make-pasta-and-bread-expensive

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.