US EditionCrop Prices Jump as Iran War Risks Tightening Supply
7 Articles
7 Articles
Prices of cereals, rapeseed and soybeans are rising sharply because of the Iran war and the rise in oil prices.
The prices of palm oil and soy oil are in great growth, and the grain is located near the highest level of nearly two...
Pending the start of operations on the Chicago market this Monday morning, Sunday night’s night’s values have already marked that the rising wave of recent weeks will not only continue, but will probably be potent, at least as long as the armed conflict continues between the United States and Israel against Iran. According to Granar consultant, on Sunday night soy rose around $6.89 per ton, while oil from oilseed rose US$41.67 and flour US$2.09.…
Palm oil prices rose 10% on Monday morning, while wheat prices are near their highest in years as the Middle East war has pushed up energy and fertilizer prices, and analysts warn of risks to grain supplies, agerpres.ro reports. The disruption to crude oil supplies from the conflict has made plant-based biofuels more attractive, boosting demand for vegetable oils and corn. The effective closure of the Strait of Hormuz – a major route for fertili…
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