The National Bank provoked an increase in grain prices

Prices for Ukrainian grain increased by 10-30% after the decision of the National Bank to increase the official exchange rate of the dollar, as well as the signing of an agreement in Istanbul on the export of grain. This was announced by the Minister of Agrarian Policy and Food Mykola Solskyi on Monday, July 25.

“A farmer will now have a buy offer from not one but several (traders) and we’ve seen prices going up for days. This is due to two signals: the first is the equalization of exchange rates, and the second huge signal is the opening of ports. The price went up for rapeseed, which is currently being harvested, by 20-30%, for corn – by 10-20% literally in a few days,” the minister said.

At the same time, the price of wheat in Ukraine increased by 10% in a few days, despite the surplus on the market.

Tags: Market, agreement, Istanbul, National Bank, official exchange rate, Ukraine, export, grain, prices