Ukraine: Wheat prices down by 8.5%

As a result of speculation, the price of wheat falls by 8.5% in the last week despite the persistence of international tensions with the stop on exports decided by Hungary and Ukraine and the announcement by Russia to suspend wheat exports , rice, barley and corn in the Eurasian Economic Union (Eeu) until 31 August. This is what emerges from Coldiretti's analysis at the weekly closing of the Chicago commodity exchange which highlights how in a difficult market situation, speculation extends from energy to agricultural raw materials. A clear reversal of the trend with the most significant weekly decline since August 2016 which, however, follows - underlines Coldiretti - the jump of 40.1% in wheat prices in the previous week. A trend - underlines Coldiretti - which does not mean overcoming the difficulties, but rather the increased interest in the agricultural raw materials market of speculation that has taken advantage of the high values achieved to make profits. Speculations - ...