Russia and Ukraine together accounted for nearly 29% of global wheat exports last year.
from the Guardian – Prices of oil, coal, aluminum, wheat and other commodities continue to rise as Russia’s invasion of Ukraine raised supply concerns. Brent crude, a global benchmark, rose by $118 a barrel for the first time since February 2013. It is currently hovering around $117 a barrel, up $4 from today. US light sweet crude is trading at $114.46 a barrel.
Aluminum set another record, rising 2.3% to $3,650 on the London Metal Exchange (which has gained 30% so far this year), while nickel rose more than 4% to $26,935 a ton. Russia is a major producer of both minerals.
As for grain, Russia and Ukraine together are estimated to account for nearly 29% of global wheat exports last year, according to the US Department of Agriculture, and thus the conflict has driven up global wheat prices.
Chicago wheat futures rose to a 14-year high of $11.34 a bushel and are up nearly 40% this month.
Subscribe to 247And the Pixel supportAnd the Subscribe to TV 247in the channel 247 And watch:
Knowledge gives you freedom. know more. Follow us cable.
to you who have come this far, Thank you very much for your appreciation of our content. Unlike corporate media, 247- Brazil and the TV 247 Fund themselves through their own community of readers and viewers. You can support TV 247 and the Brasil 247 website in different ways. See how at brasil247.com/apoio
Support 247
“Friendly zombie guru. Avid pop culture scholar. Freelance travel geek. Wannabe troublemaker. Coffee specialist.”
