Wheat prices hit 5-month high
AIC
- 25 July, 2023
- 06:31
Wheat hit a five-month high on fears of reduction in supplies from the Black Sea region. Wheat futures rose by almost 2.6% in Chicago reaching $7.7725 per barrel.
Report informs via Interfax that the price hike followed Russia's withdrawal from the grain deal and intensified on reports of attacks on infrastructure in Odesa, according to The Financial Times.
Russia and Ukraine accounts for almost 30% of global wheat supplies.
Latest News
19:25
Bulgaria refuses further military aid to Ukraine
Other countries19:22
Norway to fund development, purchase of naval drones for Ukraine
Other countries19:01
Michael Salmony: Tokenization reshaping future of global finance
ICT18:55
Anar Babanli becomes Azerbaijan's first boxing referee expert
Individual sports18:43
Ukraine, Latvia sign drone cooperation agreement
Other countries18:28
Cholera outbreak in Nigeria's Borno kills 74, infects thousands since May
Other countries18:16
Bank CenterCredit: Muslim customers cautious about traditional banking
Finance17:52
Azerbaijan eyes NFC technology for instant payments
Finance17:47