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Hungary has banned the export of grain: what will happen to prices?

Hungary has banned the export of grain: what will happen to prices?

Earlier it was reported that the price of wheat on the stock exchange in Chicago rose to a maximum in almost 14 years 05.03.2022, Sputnik Georgia

2022-03-05T21:21+0400

2022-03-05T21:21+0400

2022-03-05T21:21+0400

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TBILISI, March 5 – Sputnik. The Hungarian authorities have decided to ban the export of grain due to rising prices caused by the situation around Ukraine. This was stated by the Minister of Agriculture of Hungary Istvan Nagy. According to the Minister of Agriculture, the relevant government decree will be published on Friday evening. The price of wheat is already breaking records. Earlier it was reported that the price of wheat on the Chicago exchange rose to a maximum in almost 14 years, and corn – in nine years due to the risks of supply disruptions due to the situation in Ukraine. New instructions for Georgian citizens in Ukraine published >>&gt Russia launched a special operation in Ukraine early in the morning on February 24th. In a televised address to the Russians, President Vladimir Putin said that this was an operation to “demilitarize and denazify Ukraine”, the seizure of Ukrainian territories was not included in the plans of the Russian Federation. Later, the Russian Ministry of Defense stated that the Russian military did not strike at Ukrainian cities: military infrastructure. Subscribe to video news from Georgia on our YouTube channel.

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Earlier it was reported that the price of wheat on the stock exchange in Chicago rose to a maximum in almost 14 years.

TBILISI, March 5 – Sputnik. The Hungarian authorities have decided to ban the export of grain due to rising prices caused by the situation around Ukraine. This was stated by the Minister of Agriculture of Hungary Istvan Nagy.

“The government is already stopping all grain exports today due to price increases caused by the military situation in Ukraine,” index.hu quoted Nagy as saying.

According to the Minister of Agriculture, the relevant government decree will be published on Friday evening.

The price of wheat is already breaking records. Earlier it was reported that the price of wheat on the Chicago exchange rose to a maximum of almost 14 years, and corn – for nine years due to the risks of supply disruptions due to the situation in Ukraine.

New instructions for Georgian citizens in Ukraine published >>>

Russia launched a special operation in Ukraine early in the morning on February 24. In a televised address to the Russians, President Vladimir Putin said that this is an operation to “demilitarize and denazify Ukraine”, the seizure of Ukrainian territories is not included in the plans of the Russian Federation.

Later, the Russian Defense Ministry stated that the Russian military does not strike at Ukrainian cities: military infrastructure is disabled with high-precision means.

Subscribe to video news from Georgia on our YouTube channel.

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