After Russia's attack on Izmail, wheat prices rise by 6.5% in the world

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After Russia's attack on Izmail, wheat prices rise by 6.5% in the world Ukraine news 02 Aug 2023 at 15:00

Prices for wheat on the Chicago Board of Trade (CBOT) surged by 6.5% following Russia's attack on the port of Izmail during the night of August 2nd. This information was reported by Mykola Lukashuk, the head of the Dnipropetrovsk Regional Council.

"The overnight attack by Russians on the port infrastructure, which damaged 40,000 tons of grain, led to a 6.5% increase in wheat prices on the CBOT. And this could be just the beginning; panic and a 20-30% increase in global food prices may follow. These processes are a result of the occupiers' attempts to block Ukrainian grain in any way possible, creating a global threat by obstructing the export of grain from Ukrainian ports. Russia is trying to use potential hunger as a weapon. The tactics of terror and blackmail have long been the hallmark of the occupiers. Their goal is to pressure world leaders into sitting down for negotiations. Apparently, for Russian inhumane methods, this is normal," emphasized Lukashuk.

According to him, countries that have maintained a neutral stance towards Ukraine should now make a choice and provide comprehensive support. More air defense systems, more weapons, and more sanctions will help us in the fight against Russian terror.

As a reminder, on the night of August 2nd, Russian forces attacked Odessa with drones, targeting objects in the port and industrial infrastructure along the Danube.

In Izmail, damage and destruction occurred to elevators, grain hangars, reservoirs at one of the cargo terminals, as well as production, storage, and administrative buildings. Significant damage was also inflicted on the three-story building of the marine terminal.


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