Due to the intensification of attacks on Ukrainian ports in the Black Sea and ships that enter there, wheat prices have reached a two-year high. It is reported by Bloomberg today, July 22.
Thus, wheat futures prices on the Euronext Paris stock exchange jumped 4.4% to 245 euros per ton, and corn prices rose 2.1% to 261.50 euros per ton — the highest level since April 2023.
The Russian and Ukrainian attacks have heightened concerns about exports from the Black Sea, a key shipping route for the world's two largest wheat exporters. To the share of Ukraine and Russia together accounts for more than a quarter of world wheat exports and about 12% of world corn trade.
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