Price of wheat on the rise as Russia bans exporting.
Russia has experienced one of the worst draughts in history. Due to this and the current economic climate, this once huge exporter of wheat will NOT be exporting wheat until further notice. The wheat exporting ban in Russia is likely to do more than hurt only neighboring countries.
What does this mean for the USA? There is the potential on the horizon that wheat will again rise substantially in price per pound.
Asia is now consuming more wheat than ever before in areas traditionally dominated by rice, the historical grain of choice. With Russia, a major exporter of wheat ceasing it's regular activity, and the global demand still high, prices across the world will begin to reflect the rule of supply and demand.
Even in our line of business, we see the prices fluctuate from month to month, order to order and season to season. The likelihood of this ban effecting local prices within the next two months is high.
The time to order in bulk is NOW!
If you do not have a local way of getting whole foods, dry pantry goods, wheat and grains, please feel free to contact us and we will do the best we can to serve you:
Go to the About Us page above for more info!