Wheat price continues to fall in the global markets

Published 2023년 9월 25일

Tridge summary

The value of wheat has decreased by 23.4% so far this year due to record exports from Russia and the departure of grain from the Ukrainian port of Chornomorsk. The price of corn increased by 0.8%, attributed to the rise in oil prices and the ban on Ukrainian grain entry by certain countries. The price of soybean oil remained steady, but there are downward expectations due to seasonal pressure from soybean harvests in the United States and Brazil.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

16:43 | Lima, set. 25. The monetary entity indicated that the fall was due to the entry of record exports from Russia and the departure of grain from the Ukrainian port of Chornomorsk, in the midst of the confrontation between both countries. -BCR: credit to individuals expanded 9.8% year-on-year in August 2023 So far this year, the value of wheat has decreased 23.4%, after having closed 2022 slightly above $360 per ton. Corn price On the other hand, the price of corn increased 0.8% to 178.4 dollars per ton in the same period analyzed. According to the BCR, the increase was due to the rise in the price of oil, which improves the prospects for ethanol demand. Another factor was also the ban on the entry of Ukrainian grains by Hungary, Poland and Slovakia, which led to Ukraine's complaint to the World Trade Organization (WTO). However, so far this year, the value of corn has fallen by 30.5%, compared to almost $250 per ton at the end of last year. Soy oil Meanwhile, the price of ...
Source: Andina

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