الاقتصادية
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المصدر: الاقتصادية
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Futures contracts for wheat continued to rise after soaring 5% yesterday, Wednesday, due to escalating tensions between Russia and Ukraine in the Black Sea, one of the most important grain export routes for both countries. Ukrainian forces targeted Russian ships in the Black Sea and destroyed more than 100 vessels in the Sea of Azov, while Russia responded by shelling Ukrainian ports, especially Chornomorsk, Odessa, and Pivdenne, leading Kyiv to lose about a third of its grain export capacity through its ports. Russia remains the world's largest wheat exporter, and it is expected that the ongoing conflict will reduce export revenues for both sides, further driving up global grain prices. The price of wheat has fallen to $6.7575 per bushel. Despite the tensions, market reactions have been relatively limited compared to the 2022 war, although prices of some other grains continue to rise.
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