# ‘Through the roof’: Wheat prices could surge 50 per cent due to Ukraine crisis

> Australian wheat growers were told prices could rise by up to 50% as the Russia-Ukraine conflict restricts supply to Middle Eastern and North African buyers. Ukrainian shipping has been cancelled and buyers such as Egypt and Saudi Arabia may switch to Australian supply. Global wheat prices had already risen about 20% since the start of the year.

- Date: 2022-02-27 · published 2022-02-27T12:00:00.000Z
- Category: geopolitics · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/9678-through-the-roof-wheat-prices-could-surge-50-per-cent-due-to-ukraine-crisis
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Lost Black Sea shipments push import demand toward Australia and other exporters, lifting wheat export prices. Higher wheat prices would raise feed grain costs for buyers.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-02-24 | [Ukraine crisis: commodities prices surge as stock markets slump \| Commodities \| The Guardian](https://feedsoft.ai/events/6312-ukraine-crisis-commodities-prices-surge-as-stock-markets-slump-commodities-the.md) | +6.8% | +25.3% |
| WHEAT | 2023-07-20 | [Wheat prices soar as Russia-Ukraine tensions stoke food crisis fears](https://feedsoft.ai/events/35082-wheat-prices-soar-as-russia-ukraine-tensions-stoke-food-crisis-fears.md) | -0.7% | -1.3% |
| WHEAT | 2022-04-27 | [US wheat prices surge in wake of Russia-Ukraine conflict - High Plains Journal](https://feedsoft.ai/events/41903-us-wheat-prices-surge-in-wake-of-russia-ukraine-conflict-high-plains-journal.md) | -1.9% | +0.9% |
| WHEAT | 2022-09-07 | [Wheat Prices Surge as Putin Assails Ukraine Grain Deal - Bloomberg](https://feedsoft.ai/events/39649-wheat-prices-surge-as-putin-assails-ukraine-grain-deal-bloomberg.md) | +0.2% | +6.6% |
| WHEAT | 2022-02-28 | [Wheat Continues Surge on Black Sea Supply Concerns as Ukraine-Russia Crisis Continues](https://feedsoft.ai/events/42754-wheat-continues-surge-on-black-sea-supply-concerns-as-ukraine-russia-crisis.md) | +12.1% | +26.0% |

## Sources

- smh.com.au: https://www.smh.com.au/business/the-economy/through-the-roof-wheat-prices-could-surge-50pc-due-to-ukraine-crisis-20220225-p59zr9.html

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