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Although wheat prices have fallen from the peak earlier this year, global wheat prices remain elevated, reflective of both uncertainty in the market based on disrupted trade flows in the Black Sea region and the continued decline in the stocks of several major exporters.

Record wheat crops in both Argentina and Brazil have provided ample exportable supplies as major importers scramble to find alternative sources of wheat amid the disruption to Ukraine exports.

A declaration passed by the International Grains Council calls on Russia to ‘immediately and unconditionally’ cease its aggression against Ukraine.

Al Ghurair Foods’ Serendib Flour Mills launched the new product in Sri Lanka, building on its crucial role as a major wheat flour producer. Launch comes as Sri Lankan government takes measures to avoid country-wide food crisis.