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12° Nicosia,
21 May, 2024
 
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Wheat soars 2.14%, Russia exits deal

Deliberate missile attacks on wheat storage facilities

Newsroom / CNA

The price of wheat has increased for the third consecutive day, surpassing 2%, as of Thursday. Within this week, the price of wheat has risen by over 16% following Russia's missile attacks on Odessa's port on Tuesday night, where 60,000 tons of wheat meant for export were destroyed.

Futures contracts for wheat delivery show a 2.14% increase, reaching $7.43 per bushel, the highest in the past three weeks.

Russia withdrew from the agreement regarding Ukraine's wheat, which expired last Monday, July 17, claiming ongoing obstacles to Russian food and fertilizer exports.

Kyiv accused Moscow of deliberately targeting wheat storage facilities with the missile attacks.

[This article was translated from its Greek original]

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Cyprus  |  wheat  |  attack  |  Russia  |  Ukraine

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