The price of wheat in the world is growing rapidly; traders are afraid of the escalation of the war in Ukraine

Published 2022년 9월 24일

Tridge summary

Wheat prices on the main world exchanges in the US and France have reached a two-month high due to concerns over the potential escalation of the war in Ukraine and the possible closure of the 'grain corridor'. Other factors contributing to the price increase include drought in Argentina and the US, and lower estimates of wheat production in Argentina. However, the price growth is limited by forecasts of a global economic recession, weak export sales of US wheat, and increased global wheat production estimates, including in Russia. In Ukraine, there is enough wheat and buckwheat for domestic consumers, with an expected 30% increase in buckwheat compared to last year, despite the war causing a decrease in consumers due to people fleeing the country.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Wheat prices on the main world exchanges in the US and France reached a new two-month high as traders expect the war in Ukraine to escalate and fear the closure of the "grain corridor". Prices also rose due to drought in Argentina and the United States and lower estimates of wheat production in Argentina, Bizagro reported. Read also: How to choose a mini tractor for agricultural activities Another important reason is that traders fear that the grain corridor from the Black Sea ports will be blocked due to the escalation of hostilities in Ukraine. Price growth, however, is limited by forecasts of a recession in the global economy, weak export sales of US wheat, and increased estimates of global wheat production, including in Russia. Read also: An elevator complex with a storage volume of 84,700 m 3 is for sale in the Mykolaiv region In Ukraine, there is enough wheat and buckwheat for the domestic ...

Source: Landlord