Where and how Russia will carry its free 500 thousand tons of grain
Russia
Published Nov 1, 2022
Tridge summary
The situation with the provocation of the Ukrainian and British intelligence services, which used the "grain corridor" to carry out a terrorist attack on the Black Sea Fleet, led to a jump in prices on the Chicago Stock Exchange. But experts do not expect big shocks either on the world market, or even more so on the Russian one.
Original content
Wheat prices on the Chicago Mercantile Exchange on Monday grew by almost 6%, corn rose by 2.5%, according to trading data. Such an emotional reaction of investors to the news about the situation with the grain deal is quite expected. When the deal was closed in July, the market reacted by dropping prices. And already in September, world wheat prices rose by 2.2% only because of the uncertainty about the continuation of the deal. It is too early to estimate how much prices will rise now, says Vladimir Petrichenko, general director of the analytical company ProZerno. Now it is impossible to predict how further negotiations will develop. However, according to the press secretary of the President of the Russian Federation Dmitry Peskov, without the participation of Russia, the deal on the export of grain from Ukrainian ports is hardly feasible: it takes on a different character - much more risky, dangerous and unguaranteed. But Russia is ready to compensate the poorest countries for ...
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