As the economic fallout continues from Russia’s war on Ukraine, Canadians are facing higher grocery bills as the cost of grain spikes further upwards.
The conflict between Russia and Ukraine has disrupted grain exports from the Black Sea region, putting stark upward pressures on wheat, corn, sunflower seeds, and legumes like pulses. The disruption pulled the price of wheat up about 30 per cent to US$12.09 per bushel on Friday, according to data from Macrotrends. Corn prices grew by nearly nine per cent to US$7.54 per bushel on Friday.