Wheat & Iran

Wheat: The price of Wheat has been falling due to various factors including increased production estimates from the European Union and Russia, and a peace deal between the United States and Iran impacting crude oil prices, which indirectly affects commodity markets.

Iran: Iran's involvement in a peace deal with the United States has indirectly impacted crude oil prices, which in turn affects commodity markets like Wheat.

Wheat: Wheat prices have risen by about 20% since the start of the year due to drought fears in key growing regions, exacerbated by the El Ni phenomenon.

Iran: The ongoing Iran war has contributed to sharply rising fertilizer and gas costs, which, combined with El Ni , could drive prices even higher and exacerbate inflation in Southeast Asia.

Wheat: International Wheat prices increased by 4.3% due to worsening crop prospects in the United States and lower planting expectations in Australia, influenced by higher fertilizer costs.