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Wheat prices up by 8 percent after Ukrainian ports hit by Russian missiles

Author
Newstalk ZB,
Publish Date
Thu, 20 Jul 2023, 9:05pm
 Photo / AP
Photo / AP

Wheat prices up by 8 percent after Ukrainian ports hit by Russian missiles

Author
Newstalk ZB,
Publish Date
Thu, 20 Jul 2023, 9:05pm

Wheat prices soared by 8 percent overnight after Ukrainian ports were hit by Russian missiles.

Rabobank senior grains analyst Dennis Voznesenski says this rise in overseas wheat prices will likely have a direct impact on local New Zealand wheat import prices.

The Country's Jamie Mackay says New Zealand relies on imported wheat to make bread, and this will add extra strain during an important period.

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