Wheat: Prices

Department for Environment, Food and Rural Affairs written question – answered on 23rd June 2022.

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Photo of Jim Shannon Jim Shannon Shadow DUP Spokesperson (Human Rights), Shadow DUP Spokesperson (Health)

To ask the Secretary of State for Environment, Food and Rural Affairs, what steps he is taking to help tackle the rise in wheat prices relating to trade.

Photo of Victoria Prentis Victoria Prentis The Minister of State, Department for Environment, Food and Rural Affairs

Most cereals are internationally traded commodities. As a matter of course, supply chains are dynamic and responsive to global market developments in price and availability, whether those developments are driven by the weather or other global factors.

We continue to keep the market situation under review through the UK Agriculture Market Monitoring Group, which monitors UK agricultural markets including price, supply, inputs, trade and recent developments. We have also increased our engagement with industry to supplement our analysis with real-time intelligence and to identify where mitigations are available.

Government departments across Whitehall are working hard to find ways to resume the export of grain from Ukraine and to the countries that desperately need it. We also continue to engage with international partners in the G20 Agricultural Market Information System, the WTO and the International Grains Council to build consensus on the importance of keeping markets open and facilitate smooth functioning of the global food trade.

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