Global wheat prices fell by 20% after the grain export agreement ...Egypt

EGYPT INDEPENDENT - Economy
Global wheat prices fell by 20% after the grain export agreement
source : EGYPT INDEPENDENT ( Egypt ) () 41
Wheat prices fell on global stock exchanges by more than 20 percent on Saturday after Ukraine and Russia signed two separate agreements with Turkey and the United Nations on Friday regarding the export of grain and agricultural products through the Black Sea. While Russia’s Rosneft and Gazprom will be able to ship oil to non-EU countries, under the recent amendments to European sanctions. The First Assistant Minister of Supply and Internal Trade and head of the Internal Trade Authority, Ibrahim Ashmawy, said that the price of a ton of wheat globally fell from US$480 to $390 on Saturday. Ukrainian officials had announced earlier that about 20 million tons of wheat were seized as a result of t

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