$ 13 reduction in wheat prices in world markets

According to Fars News Agency’s International Economics Reporter, today in world markets, the prices of various basic agricultural goods were decreasing. Wheat as a strategic crop $ 13 per بوشل Fell to $ 774.

“Wheat traders envision a better future for this strategic product, and for this reason they are currently holding back on buying,” Reuters reported.

Wheat contracts in the Chicago market fell 0.4 percent, Reuters writes. The contract for corn crop used as animal feed also decreased by 0.1%. Oil soybeans also decreased by 0.4%.

Reuters writes that futures contracts for key products are growing as traders and investors predict that the price cut will be temporary and that prices will continue to rise in the next six months.

s وبل “Despite expectations for a massive supply of wheat from Australia, which has led to lower prices, prices will continue to rise in the next six months,” said an economist at the National Bank of Australia.

“The price of fertilizer in world markets as an essential material for plant growth has risen sharply,” he said. coronavirus Disrupted the supply chain. Therefore, in such circumstances, there is no expectation of price reduction.

In the last 6 months, the increase in the price of natural gas has affected the cost of production of chemical fertilizers and has increased the price, so that 4 countries stopped exporting urea fertilizer due to concerns about meeting domestic demand. The price of natural gas had increased 5 times. .

Also the spread of the virus coronavirus It has disrupted the supply chain and disrupted the movement of goods due to restrictions on health protocols, all of which have contributed to rising global prices.

There was also a decline in other basic commodities in world markets today. Soybean oil seeds $ 2.5 and oilseed rape Canola It dropped $ 1.7. Cocoa fell $ 28, and the prices of livestock and livestock fell by 50 cents each.

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