Russian Wheat Export Prices Soar Amidst Escalating Hostilities
Russian wheat export prices surged last week amid difficult shipping conditions in the Black Sea and a new wave of attacks in the Strait of Hormuz, analysts said on Monday.Forecasts for July wheat shipments from Russia continued to fall, even as domestic wheat prices declined sharply across all regions this week, they added, noting that weak demand at the Azov Sea and Volga terminals was impacting domestic prices.Shipping from Russia’s shallow-water ports on the Black Sea has remained restricted “for safety reasons” since July 10 amid drone strikes in the wider area…
10 Dead in Russian Missile Strike on Corn Ship in Black Sea
A Russian missile strike on a ship carrying corn near Ukraine's southern port of Odesa killed 10 people, Ukrainian officials said on Monday, in the deadliest attack in a weeks-long flare-up of violence in the Black Sea.Russia hit the Golden Leo – a Guinea-Bissau-flagged ship manned by a crew from India and Syria – with three cruise missiles, causing a fire on Sunday, Ukraine's navy wrote on the Telegram messaging app.A Reuters witness in Odesa saw smoke billowing from a vessel off the coast on Sunday…
