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Briefs: Wheat surges to highest since 2008 on fears of supply shortage

Bloomberg
Bloomberg3/3/2022 09:43 PM GMT+08  • 6 min read
Briefs: Wheat surges to highest since 2008 on fears of supply shortage
Quoteworthy: "I think we best prepare now with a longer runway." — Defence Minister Ng Eng Hen
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Quoteworthy: "I think we best prepare now with a longer runway." — Defence Minister Ng Eng Hen announcing the formation of the “fourth service” of the Singapore Armed Forces — the Digital and Intelligence Service

Wheat surges to highest since 2008 on fears of supply shortage

Wheat prices extended their meteoric rally, soaring past US$11 a bushel to the highest level in 14 years, as Russia’s invasion of Ukraine brings shipments from one of the world’s biggest growing areas to a virtual standstill.

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