Ukraine: How the emergency at Kakhovskaya HPP will affect the cost of food

Published 2023년 6월 8일

Tridge summary

The destruction of the Kakhovskaya hydroelectric power station has led to an increase in wheat and corn prices, with concerns about a grain supply shortage. The accident may also cause damage to granaries in the lower reaches of the Dnieper. The article discusses the potential impact on the global agricultural market, with some experts believing the effect will be significant, while others suggest it will be limited. The article also mentions the ongoing fish kill in the Dnipropetrovsk region due to the shallowing of the reservoir, and a ban on the use of the affected fish in food due to botulism risks.

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

Original content

Prices for wheat and corn rose after the destruction of the Kakhovskaya hydroelectric power station. On Tuesday, June 6, July futures for wheat grew by almost 4%, for corn at the moment rose by 2%. According to Bloomberg, bidders fear a shortage of grain supplies. In the short term, damage to granaries in the lower reaches of the Dnieper is also possible. The Ukrainian authorities do predict the transformation of coastal areas into a desert as early as next year. According to them, 94% of irrigation systems in the Kherson region, 74% in Zaporozhye and about a third in the Dnepropetrovsk region are currently left without a source of water. Prices for agricultural products on the world market will continue to grow, Kristina Romanovskaya, general director of the Lazarevskoye breeding farm, is sure. However, for Russia, the consequences will not be so serious, she said: “It will affect prices the most, and there may be a risk of shortages. As for Russia, I think there will definitely ...

Source: Zol