Grain prices will fall – From this date
News as we have given, on July 13 Turkey, Russia and Ukraine Defense ministries and the United Nations (UN) held a meeting between the delegations.
So delegations Ukraine A sea of grain waiting at the ports way negotiated for safe transportation to international markets.
As a result of the discussions, the parties agreed on the establishment of the Coordination center. In general, as a result of the discussions Ukraine important progress has been made in the direction of bringing grain to the world market.
On the other hand, important statements came from Kazakhstan, one of the world’s other major grain exporters. Government of Kazakhstan Azerbaijan which is also included 10 announced that they intend to increase grain exports to the country.
Of course, the export of more grain from Ukraine and Kazakhstan to the world market has strengthened the possibility of a decrease in prices.
Of course, the export of more grain from Ukraine and Kazakhstan to the world market has strengthened the possibility of a decrease in prices.
The economist expert who made a statement on the subject said that the aforementioned developments have already started to affect prices:
“The price of one bushel (about 27.2 kg) of grain has already dropped by 5% on world exchanges. That is, these news directly affected the prices. I think, Russian-Ukrainian war part of the damage to the grain market as a result Turkey If it is eliminated through
because of Ukraine there was already progress in exports. About 5 million tons of Ukrainian grain could be exported to Europe via land routes and the Danube River. Now about 15 million tons of grain remain in Ukrainian warehouses. This should also be emptied so that there is room in the warehouses during harvest in the fall. This is a very important technical issue.”
According to the expert, it is planned to export grain from Ukraine mainly to African and Asian markets:
I think that after the agreement, there will be some relief in the already grain market, and as a result, this may become a factor affecting the price reduction.
If the agreement is not broken, it will have a positive effect on the grain market. This is the main point of the matter. UN official also noted yesterday that if Russia if he doesn’t violate the agreement, relief in the grain market will be possible.” (our.media)