The price of wheat returns
to pre-Russian attack
on Ukraine on the day of the agreement between Moscow and Kiev that unlocks exports through ports on the Black Sea.
Common wheat is traded at $ 784.5 for every single contractual unit of 5 thousand bushels (-2.64%), as last February 16, a week before the Moscow attack on Kiev.
The dynamics of durum wheat are similar (-2.32% to 841.25 dollars per 5 thousand bushels), just below the closing date of last February 18th.
The Istanbul one should be
the first real agreement on the corridors
in the Black Sea for the export of cereals from the Ukrainian ports.
And above all, the first agreement between Moscow and Kiev since the beginning of the war on 24 February.
It is no coincidence that the UN secretary general, Antonio Guterres, will also be present.
This was announced by the office of Turkish President Recep Tayyip Erdogan, the great mediator of the agreement, which will be signed by the Russian and Ukrainian delegations in the sumptuous Dolmabahce Palace, on the Bosphorus Strait.
That the agreement was in the air was understood since the meeting a few days ago in Tehran between Erdogan and Russian President Vladimir Putin, who had spoken of
"progress on the export of Ukrainian wheat"
, which he had defined "a good sign".
However, Putin himself had stressed that any agreement must also include blocked exports of Russian wheat.
Turkish Foreign Minister Mevlut Cavusoglu had for his part stated: "when we solve this problem, not only will the export path for wheat and sunflower oil from Ukraine be opened, but also for products from Russia".
