EU wheat prices are easing even as Iran war worries continue to hover over grain markets. Traders say Middle East tensions no longer provide the same cost support, while farmers’ reluctance to sell—driven by inflation—keeps supply tight. Import demand from Algeria and Turkey and Morocco’s expected crop rebound are adding further counterweights.
Wheat prices are rising sharply this week as weather disruptions threaten supply while fertilizer shortages worsen. Analysts point to constraints linked to the Iran conflict as a key factor tightening fertilizer availability, raising fears of lower yields and a broader global wheat supply squeeze.
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