The Argentine Peronist government announced that it has agreed with flour mills and food producers to create a wheat trust to avoid increases in domestic food prices, at a time when the international value of the cereal is at its highest peak in 14 years after the Russian invasion of Ukraine. Argentina is a leading […]
Tag: wheat
The European Union studies intervening in agricultural markets in the face of the Russian invasion of Ukraine
The European Commission (EC) confirmed that it is studying the possibility of applying exceptional market intervention measures to deal with the effects on the agricultural sector of the Russian invasion of Ukraine. “The EC is working on the implementation of exceptional market measures that must be finalized, built, to be ready as quickly as possible,” […]
Russian nuclear alert and Western sanctions raise fears for supplies of raw materials
World commodity prices rose on Monday with strong gains in oil, grains, edible oils and metals, after Russia put its nuclear deterrent force on high alert and Western countries imposed new sanctions on Moscow following its invasion. to Ukraine. ANDBrent oil rose around 4% and exceeded US $ 100 per barrel, palladium soared 4% yeChicago […]
Why the Black Sea is important for commodity markets
Due to the conflict between Russia and Ukraine, the Black Sea has gained relevance, since it is an important area for the movement of basic products, As the steel and agricultural products, at the crossroads of Europe and Asia. Crude and refined petroleum products Russia, Azerbaijan and Kazakhstan pass through export terminals on the eastern […]
WTO warns of rising food prices due to conflict in Ukraine
Ngozi Okonjo-Iweala, head of the World Trade Organization (WTO)warned that the war between Russia and Ukraine, a major wheat exporter, will hurt consumers around the world. “There is going to be a great impact regarding wheat prices and bread prices also for ordinary people,” he said in a virtual event held this Friday, February 25, […]
Russia’s invasion of Ukraine: wheat and corn down on the second day of occupation
After a dangerous escalation that seemed to anticipate a food crisis in much of the world, corn and wheat futures fell slightly in the early hours of this Friday the 25th, with several cities in Ukraine already besieged by Russia. Wheat futures contracts closed last week at around 8.967 dollars per bushel (unit of measurement […]
Russia’s invasion of Ukraine: What will happen to the APEC Forum, where Russia is a member?
In the early hours of Wednesday, February 23, the Russian President Vladimir Putin announced a military operation in Ukrainea, which began the invasion of Ukrainian territory. The consequences occurred the following day, where world leaders condemned the attack. In Peru, officials disclosed the impacts of this military attack that on its first day left 137 […]
Russia and Ukraine: these would be the global economic consequences
The invasion of Ukraine by Russia is already a fact, after the announcement of the Russian president Vladimir Putin this Thursday, February 24, which had an immediate impact on the operations of the world stock markets, foreign exchange market and safe-haven assets. Stocks around the world plummeted, while the Oil rallied above $100. Gold gained […]
Wheat reached its highest level since 2008 after the invasion of Ukraine
The markets of grain They took flight even higher this past Thursday, February 24, when Russia’s attack on Ukraine put a vital source of global supplies at risk. The price of wheat climbed to its highest peak since 2008 in Chicago this, which raises fears for cereal exports, of which Russia and Ukraine are major […]
Wheat and corn rise the daily maximum allowed after Russia’s attack on Ukraine
Updated on 02/24/2022 10:52 am U.S. wheat and corn futures rose above permitted daily trading limits on Thursday, while soybeans hit the highest level since 2012 after Russian forces attacked Ukraine, exacerbating supply concerns. . Wheat rose for a third day, climbing to its highest level in more than nine years, while corn advanced to […]