wheat price rises after attacks by Ukrainian maritime drones – Kommersant
[ad_1]
Wheat on the Chicago exchange grew in price by 3.4%, to $6.54 per bushel, reports Bloomberg. As of 8:17 Moscow time, the September futures for wheat on Chicago stock exchange rises in price by 1.86%, to $6.44 per bushel. According to Bloomberg, the rise in prices began immediately after Ukraine’s attacks on Russian ships in the Black Sea.
Wheat began to rise in price after August 4 was attacked naval base in Novorossiysk. According to the Ministry of Defense of the Russian Federation, Ukraine carried out an attack by two sea unmanned boats, they were destroyed. 5th of August was attacked tanker in the Kerch Strait, no one was hurt. According to the agency, Novorossiysk is a key export route for Russian goods through the Black Sea. And Russia transports most of its grain by sea.
“The risk in the Black Sea is growing every day. Any threat to Russian exports is much more serious than a threat to the Ukrainian export corridor,” Ole Howe, chief executive officer of broker IKON Commodities, told Bloomberg.
Russia since July 18 suspended participation in a grain deal due to non-fulfillment of its conditions, against which the wheat also rose in price. August 5 Ukraine announced Russian ports of the Black Sea are a zone of military threat.
The Black Sea route also accounts for 15% to 20% of the oil that Russia sells. Prices for it too grew up after the Ukrainian attacks.
On the consequences of the suspension of the transaction – in the material “Kommersant” “A complete mess”.
[ad_2]
Source link
