Wheat price falls to lowest level in four months
Bild von István Asztalos auf Pixabay
According to an Egyptian government representative, the country plans to reduce wheat imports by 500,000 tons per year. The North African country is a major importer of wheat from the war zone. The aftermath of the war has caused supplies to dry up, leading to a sharp rise in world prices. At times in May, a bushel of wheat traded for as much as $12.85.
Russia and Ukraine are among the world's top wheat-growing countries. The two countries together covered about a quarter of the world's wheat trade before the war./jkr/bgf/jha/ (dpa)
Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.
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