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    QONEQT in News

    31-Oct-2022 05:13 PM


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    Global Food Supplies At Risk After Russia's Withdrawal From UN-Brokered Grain Deal

    Russia on Saturday suspended participation in the UN grain deal for an "indefinite term".
    Hundreds of thousands of tonnes of wheat booked for delivery to Africa and the Middle East are at risk following Russia's withdrawal, while Ukrainian corn exports to Europe will get knocked lower, two Singapore-based traders said.
    Russia on Saturday suspended participation in the UN grain deal for an "indefinite term", after what it said was a major Ukrainian drone attack on its Black Sea fleet in Crimea.
    Chicago wheat futures on Monday jumped more than 5% and corn rose over 2% from the fears over supplies. [
    "We have to see how the situation unfolds.
    Source: NDTV