Price of wheat, flour has spiked amid depleting stocks.

Declining crop production has led to increased dependence on imports.

At 10.935 million tonnes, production up 41% over 2021.

High global prices, weak demand contribute to decrease.

Purchases will help rebuild stockpiles ahead of seasonal surge in usage.

Wheat shipment to help feed 1.5 million Ethiopian refugees.

Commodity groups hopeful discussions with Mexican officials have shown drawbacks of ban.

If realized, harvest would be lowest in seven years.

Ban of wheat exports increased flour demand, boosted domestic prices.