Bangladesh books more than 200,000 tonnes of Indian wheat after Black Sea disruptions lift prices
AI Market Summary
Black Sea shipping disruptions are tightening global wheat supply, pushing Bangladesh and Sri Lanka to secure Indian wheat after India reopened limited exports via quotas. Delivered prices near $305–$326/tonne and a 17% jump in Dhaka refined flour prices underscore worsening affordability and inflation risk. The shift in sourcing highlights elevated regional demand for non–Black Sea supply and supports near-term firmness in global wheat pricing.
Impact level
● Medium
Affected assets
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AI Insight · NCCOWHEAT2USD/USDTAI Insight
▲ Bullish
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Disruptions to Black Sea shipping have pushed up global wheat prices, prompting Bangladeshi importers to book more than 200,000 tonnes of Indian wheat since India eased export restrictions. Bangladesh imports more than 7 million tonnes of wheat each year, with India previously supplying nearly 70% of its purchases and the Black Sea region accounting for about 40%. Sri Lankan importers have also bought about 60,000 tonnes of Indian wheat. Refined wheat flour prices in Dhaka have risen 17% over the past month.
