LONDON--(BUSINESS WIRE)--Fastmarkets, the industry-leading cross-commodity price reporting agency (PRA), announces the launch of the agriculture market’s first North African wheat price to provide higher levels of transparency in a market facing food security concernsFastmarkets is launching the Wheat CFR North African Milling price, measured in US dollars per metric tonne, in response to the need for a price benchmark for the region. The Wheat CFR North African Milling $/tonne price is an important addition to a market that is structurally changing due to supply shortages driven by Russia’s invasion of Ukraine and severe unseasonal weather, compounded by post-pandemic logistical challenges. “Transparent, market-reflective prices – such as the Wheat CFR North African Milling price – are critical to facilitating wheat trade in the region.”To find out how we assess commodity prices, visit fastmarkets.com/methodology. ###ABOUT FASTMARKETS: Fastmarkets is the industry-leading price reporting agency (PRA) for global commodities, providing price data, news, analytics and events for the metals and mining, forest products, the energy transition and agriculture markets. Fastmarkets’ data is critical for customers seeking to understand and predict dynamic, sometimes opaque markets, enabling trading and risk management.

Source: The North Africa Journal June 21, 2022 11:44 UTC