Lush Wheat Fields Across Europe Are Keeping Food Costs in Check

As extreme weather wreaks havoc on crops in the Americas and North Africa, Europe’s breadbasket is thriving, with ample wheat harvests keeping global food costs under control.

Across northern and eastern Europe, fields are abundant after plentiful spring rain. The strong outlook for the world’s top wheat shippers has helped prices fall to less than half of last year’s record highs, buffering the impact of drought in other growing regions and the shortfall wrought by the war in Ukraine.