Posts by Basis Commodities

With countries that are commonly relied upon to supply wheat to the world experiencing droughts, political unrest, export caps, tariffs, and war, an already tight grains balance sheet seems to be getting tighter and supply problems are mounting. Is this higher priced environment set to last longer than three to six months? And how will this impact how the Middle East approach their food security needs into the future?

In October 2020, it was estimated the total urban population in the Middle East was 65% of the total regional population, 10% above the global average of 55% and continuing to grow at an average of 2% per annum. Urbanisation often leads to increased access to economic, and social benefits as well as increased food…

The 2021/22 Australian harvest was set to be a bumper in terms of quality and quantity until La Niña reared its head and changed the game for many farmers on the east coast of Australia, and in turn, the global milling wheat balance sheet.