Wheat prices dip to nearly 5-month low

Thanks to landmark grain deal sealed between Russia and Ukraine, wheat prices fall over 3% on daily basis

By Tuba Sahin

ANKARA (AA) - Wheat prices dipped to a five-month low on Friday thanks to a grain deal sealed between Russia and Ukraine fueling hopes to ease the global food crisis triggered by the war.

The price of wheat decreased by over 3% compared to the figure before the onset of Russia's war on Ukraine, hitting $7.8 per bushel.

Türkiye, the UN, Russia, and Ukraine signed a grain corridor deal in Istanbul to resume Ukraine’s Black Sea grain exports.

A corridor from the Ukrainian port city of Odesa will be re-opened for global grain shipments which are stuck due to the war, now in its fifth month.

Kaynak:

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