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Source:
فبراير.كوم
Wheat shortage may raise prices
European wheat prices saw a modest decline during yesterday's trading session, following the gains recorded in the previous session. This downward movement was fueled by concerns over Morocco's extension of import duties on wheat and developments in security situations around the Black Sea region. December-delivered milling wheat contracts closed at 242.5 euros per ton, down by 0.8%. Worries are escalating about the impact on grain exports from Ukraine and Russia, especially as Russian attacks on ports increase, which could lead to delays or redirect shipments to alternative ports and markets. It's projected that around 4 to 6 million tons of exports could be affected, potentially influencing trade flows and global prices in the coming months.
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