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
Avoiding Common Mistakes in Grain Trading: Real Cases Insights
Export prices for barley in Ukraine reached the level of corn and feed wheat prices
India launches first-ever national edible oil consumption survey
Thailand held a tender for the purchase of wheat
Corn prices on the Chicago rise due to limited rainfall in Argentina
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon