World grain prices will grow due to dry weather in Eastern Europe

Bloomberg analysts predict a world-wide increase in grain prices due to dry weather on the Black Sea coast, which will lead to a reduction in harvests.

This is stated in the article by Bloomberg.

Yes, grain futures, expected to be shipped in September, rose by 20%, so now grain is traded at record high prices.

"The volumes of harvest in Russia this year will fall for the first time in 6 years, and the harvest in Ukraine will also be lower than expected," the paper said.

At the same time, there they say that the crop is not critical for the fall of the crop will not happen

Earlier it was reported that Ukrainian grain exports in 2017-2018 amounted to $6.4 billion. Egypt became the largest market for wheat for Ukraine.

Also, Prime Minister of Ukraine Volodymyr Groysman proposed  increasing the share of agriculture  in Ukraine's GDP to 25%.

Earlier, Reuters reported that grain-exported from Russia's Bashar Assad regime controlled by the Syria region was annexed by Russia.

hromadske.ua    In Ukrainian/український