Concern For Weather Pushes Wheat Price Up

As bakers in Nigeria grapple with imminent increase on the price of flour (a major ingredient in bread and other baked goods), research by Naija Bakers' Corner shows that the trend is not limited to Nigeria alone, but consistent around the globe.  In countries like United Kingdom,  outlook for flour and butter, two major ingredients in baked products, indicates that prices of these two commodities have been going up since Easter.
Buoyed by change in weather in major wheat producing countries like Russia, the concern for wheat futures continues to push wheat price up around the globe.  "According to United States Department of Agriculture (USDA) forecasts, the Russian crop is down 19% on last season, due to wet spring conditions". Generally, extreme weather conditions around North and Central Europe have had a toll on cereal output, and the impact on flour price is quite comprehensible.  Nigeria being a wheat import-dependent nation, we are likely going to be affected. https://bakeryinfo.co.uk/news/fullstory.php/aid/19772/Margins_threatened_by_rise_in_wheat_and_butter_costs.html