The turmoil in the global wheat market has abated somewhat, with traders seeking more clarity on supplies from the crucial Black Sea region as Russia’s war in Ukraine rages on. About 28 vessels left Russian ports as of last week, carrying about 350,000 tons of staple crops, like wheat, compared with 50 vessels the prior week, according to Nabil Mseddi, chief executive officer of Geneva-based AgFlow, which focuses on collecting, aggregating and redistributing agricultural data. Vessel traffic at Ukraine’s ports remains at a standstill. While Russia, one of the world’s top growers of wheat, barley and sunflower, will focus primarily this year on ensuring supplies are enough to feed the local population and keep down prices, the country will still have scope for exports. Then, it’ll be a question of freight and insurance costs, and navigating the complexity of sweeping sanctions imposed on Russia by a […]