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World grain prices fall because of coronavirus

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World grain prices fall because of coronavirus
February 08
10:00 2020

On Friday, Dmitry Rylko, general director of the Institute for Agricultural Market Studies (IKAR), told the public about disastrous consequences of the coronavirus spread for the world grain market. He noted that the epidemic (like previous outbreaks of dangerous diseases) had become the reason for the drop of grain prices.

After reaching its peak (approximately 231 US dollars), the price for grain sharply declined. On Thursday, February 6, Russian wheat could be sold for about $ 200 per ton. The Director of IKAR said that that price was not stable and predicted further reduction of quotations.

 

The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

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