Higher global wheat price looms as UN, Russia deal uncertain

Wheat plantation in Ukraine

Ukrainian farmers on July 19, 2022 harvest a wheat field in Kharkiv region, amid Russian invasion of Ukraine.  PHOTO | SERGEY BOBOK | AFP

Kenya is staring at elevated wheat prices in the coming months should Russia fail to renew a United Nations-brokered deal on grain passage along the Black Sea this month (May).

Russia said it would not renew the Grain Initiative deal, first reached last year if the US and European Union did not lift the sanctions they have slapped on Moscow.