The announcement by the Western partners about the transfer of tanks for Ukraine pushed up the prices of wheat - British analysts

World wheat prices rose after Germany and other countries announced their intention to supply main battle tanks to Ukraine on January 25.

Agrarheute writes about this with reference to data from the British Agricultural and Horticultural Development Board (AHDB).

As noted, a ton of wheat cost €281.75 on the French MATIF on January 24, but by January 26 it had risen to €288.75, which is the highest figure since January 18.

According to analysts, the supply of main battle tanks, in particular the German Leopard 2 and the British Challenger, means an escalation of the conflict in Ukraine. This leads to an increase in uncertainty in the markets and, accordingly, to an increase in grain prices. However, the price trend behind this development is tempered by the fact that wheat exports from the Black Sea region are still very cheap internationally.

The assessment of future grain harvests in Ukraine and Russia, where the sown areas will decrease, adds to the uncertainty in the markets.

IC UAC according to Agrarheute