Wheat prices reacted to the explosion of the Kakhovka hydroelectric power plant
UkrAgroConsult
Stock prices for wheat went up on June 6, 2023. Oleg Nivievsky, Vice President for Economic Education, Associate Professor at the Kyiv School of Economics, reported this on Telegram.
“Wheat went up by 3% – that’s how the markets reacted to the explosion of the Kakhovka hydroelectric power plant,” he wrote. According to the expert, the markets are waiting for an escalation.
As of June 6, wheat costs about $6.4 per bushel.
According to Ukrhydroenergo, on June 6, Russians blew up the dam of the Kakhovka hydroelectric power plant. It is completely destroyed and cannot be restored.
Read also
Agriculture will be one of the key topics of negotiations on Ukraine’s acces...
China is making massive efforts to develop its national olive industry
Argentina expects an even bigger record wheat crop
Rapeseed prices in Ukraine remain under pressure from low demand from the EU
South Korea purchased 75 thsd tons of corn
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon