Grain markets and especially the wheat market was seriously disrupted by the Russian invasion of Ukraine. Prices soared to record levels. As Ukraine is the major supplier of sunflower, prices of the crop increased sharply. Sunflower import parity increased by more than R5 000/ t within a few weeks. As markets recover prices started to trend downwards.
The FAO cereals price index decreased by 17% from October last year to September this year. Vegetable