Buğday fiyatları in countries have been gradually rising over the past few years from a low of Rs 23 per kilogram to the current 29. The producer price index for the 12-month period ended January showed that prices were 9.7 percent higher. But the stock of wheat in the US is expected to fall to the lowest level since 2007/08.
U.S. wheat stocks are forecast to decline to the lowest level since 2007/08

Wheat stocks in the United States are forecast to decline to the lowest level since 2007/08. Domestic use is projected to rise to a record level. However, the outlook for the export market is less than rosy. Exports are projected to fall to a level that's more in line with historical averages.

The USDA released its first set of global projections for the upcoming growing season. Global production is expected to grow to a new record, while world use is expected to outpace production by 11 million metric tons. It also expects the world to carry more wheat in storage than production.
India's wheat prices have gradually increased from 23/kg to Rs 29/kg

Wheat prices in India have surged in recent months. The government has taken measures to cool the record high wheat prices.

Wheat consumption is on the rise. In the past 20 years, it has increased from a per capita level of 55 kg to more than 60kg. This can be attributed to the introduction of semi-dwarf and disease-resistant wheat varieties in the early 1960s. Moreover, the country has become one of the largest wheat producers in the world.

However, the country has been lagging behind its international counterparts in terms of price. Since the beginning of this year, the average retail price in the country has increased by 5.81%.
Russian ambassador to the U.S. hits back at Washington's accusations that Russia is aggravating the global food problem

The United States and Russia share deep distrust in each other's motives. But the two nations also have a history of working together on the Iranian nuclear deal.

Earlier this year, President Vladimir Putin ruled out severing ties with Washington. And while President Barack Obama urged Moscow to stop its invasion of Ukraine, the Russian president refused.

Meanwhile, the UN's food agency said a global food crisis could worsen due to the war in Ukraine. It cited a "significant shortage" of fertiliser, which threatens to leave tens of millions of people hungry.

Emmanuel Macron has made a point of bringing the crisis to the forefront of French politics. He has met with President Putin and Vice President Joe Biden on a number of occasions.
Producer price index rose 9.7% in the 12 months ended in January

The Producer Price Index (PPI) showed a 9.7% increase in prices over the 12 months ending in January. This is the highest rise in the last 12 years and is slightly lower than the 12-year high hit in November and December.

The producer price index is a leading indicator of consumer prices. PPI measures prices of finished goods sold to businesses. It does not adjust for seasonal swings, but it tracks the average price change for producers.

Prices rose 0.4% in December, according to the Bureau of Labor Statistics, but a 1% increase in January was sharper. That increase is largely driven by an increase in the final demand goods and less food and energy index. In fact, the 1.0 percentage point gain in January was the biggest single monthly increase in five years.
Global food prices rose as much as 28% in 2021

Global food prices reached an all-time high in January and February, according to a new report. The FAO food-price index is the organization's barometer of international food prices and measures monthly changes in international prices of a basket of five commonly traded food commodities.

Prices rose in many countries across the globe, particularly in Asia and Africa, where the weather conditions have led to crop damage and disruptions in supply chains. As a result, food prices have increased significantly, and are expected to continue rising.

The FAO Food Price Index, which tracks the monthly changes in the international prices of five widely traded food commodities, has seen a steady rise since mid-2020. The index is currently at its highest level since 1990.
Rapeseed and sunflower oil prices dropped in November

Rapeseed and sunflower oil prices dropped in November as global production rose. In the European Union, the harvest was larger than expected. Imports were also stronger, though not by as much as the season before. The USDA said it expects to see a large demand for rapeseed in the current marketing year. However, it has warned about the possible transport problem with the rapeseed crop.

Global rapeseed consumption is projected to increase by 5.1 million tonnes more than the previous season. This would be the first surplus in three years. Moreover, a higher rapeseed crop will help reduce overseas buying of palm oil. Its availability could also play a role in decreasing international prices of soyoil.