EBRD warns Black Sea wheat exports blocked, prices up a third since February

The EBRD reports that attacks on ships in the Black Sea and water shortages in the Danube are severely hampering wheat exports, driving prices up by a third since February. The situation reflects a continuation of war-related supply disruptions, with the added complication of drought affecting Danube logistics. This matters because it tightens global grain supply and raises food inflation risks, particularly for import-dependent regions.