Wheat costs increase as Russian ships are threatened

Following Russia’s declaration that it would classify ships bound for Ukrainian ports as potential military targets, wheat prices have increased significantly on international markets.

This week, Moscow reneged on a contract that had promised secure passage for grain shipments over the Black Sea.A representative of the White House claimed that Russia intended to attribute attacks on civilian ships on Ukraine.

Vladimir Putin, the president of Russia, declared that if his conditions were granted, he would instantly return to the grain agreement.

Kenya to cut down Rice imports following better rice production -  Trendsnafrica
rice

Reconnecting Russia’s agricultural bank to the world payment system is one of them.

“From 00:00 Moscow time on 20 July 2023 [21:00 GMT Wednesday], all vessels sailing on the Black Sea to Ukrainian ports will be regarded as potential carriers of military cargo,” the Russian defence ministry said.

“Flag states of such vessels will be considered to be involved in the Ukrainian conflict on the side of the Kyiv regime,” it added.

Wheat prices on the European stock exchange rose by 8.2% on Wednesday from the previous day, to €253.75 (£219.78) per tonne, while corn prices were up 5.4%.

You are currently viewing Wheat costs increase as Russian ships are threatened
imported rice

Leave a Reply