News Snapshot:
WHEAT. A crew member of Liberian-flagged bulk carrier Valsamitis watches for loading of wheat for Kenya and Ethiopia, in a seaport of Chornomorsk town, Ukraine, February 18, 2023. Because of higher prices, buyers are unwilling to take on the risk of buying grain to cover future needs SINGAPORE – Scarred by high and volatile prices, global wheat buyers are reducing their purchases of future supplies but that raises their exposure to potential price spikes that would end up passed on to consumers already struggling with food inflation. Buyers in key importers across Asia, the Middle East, and Africa are making...
