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
Palm oil prices rise 3.5% amid stronger soybean oil market and growing stocks
World’s largest cocoa producer forecasts 21–25% decline in harvest
Argentina increases wheat exports as Brazil faces a smaller harvest
China raises soybean import estimate to 111.6 mln tons but expects lower purchases...
Ust-Luga overnight incident: Could Baltic grain exports face delays?
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon