Cereals, explosive effects of the war between Russia and Ukraine on the Italian market

Russia closes fertilizer exports until April, Hungary holds back cereals, Bulgaria increases national public stocks. The price of common wheat in Chicago is increasing by the hour. The Wheat Table for Thursday convened at Mipaaf Italy could have a supply problem of agricultural products if Hungary, from which it imports almost 30% of soft wheat and 32% of corn, confirms the intention expressed in these days to limit exports to cover domestic needs and face a longer crisis, determined by the conflict between Russia and Ukraine. This is the scenario illustrated yesterday afternoon by Cai - Agricultural Consortiums of Italy, in the light of the latest developments on the international scene. The blockade of Hungarian exports is added to the stop of imports, due to the ongoing conflict, from Russia and Ukraine which account for a total of 6% on soft wheat and 15% on corn arriving in our country. Bulgaria has announced that as a precaution it will increase public stocks of cereals by ...