# Expert says global grain prices will keep rising if Black Sea tensions escalate

https://mins.news/en/item/95947

- TASS, 2026-10-12 06:39 UTC
- Economy
- Original: https://tass.com/economy/2200669

> Evgeny Karabanov of the Grain Union of Kazakhstan said Black Sea countries account for about 40% of global wheat trade. Wheat prices have climbed 20-30% over the past three months amid Black Sea tensions and droughts in Europe and the US. Further prolonged escalation could push grain prices higher and put wheat-importing poor countries in a difficult economic position. Kazakhstan exported a record 14.7 million tons of wheat and processed products in the previous marketing year; alternative routes through Georgia’s Poti port and Baltic ports would be significantly more expensive and uncompetitive.

## Related coverage

- [Wheat Extends Drop as Trump Remarks Fuel Black Sea Truce Hopes](https://mins.news/en/item/95842) — Bloomberg News, 2026-10-12