Red dominates the world agricultural product price list

Source: nhandan.vn According to MXV, at the end of yesterday's trading session, the price list of agricultural products was covered in red. Notably, Chicago wheat prices led the group's decline after losing 1.15% in yesterday's session, bringing the trading price to 197 USD/ton. The main reason for pressure on prices in yesterday's session was the strengthening of the USD. The strengthening of the USD has reduced purchasing power and demand, thereby putting downward pressure on prices, while making US wheat less attractive compared to competitors from countries with weaker currencies, weakening competitiveness in the international market. Similarly, corn prices also decreased by 0.87%, to 178.7 USD/ton, due to the common impact of the strengthening USD. When the greenback increases in value, the competitiveness of North American grains in the global market is reduced, putting pressure on prices. In addition, weak demand, especially from major customers such as China, has further ...