Marmara wheat prices rebound from 19-month lows amid Black Sea shipping disruptions

AI Summary

Wheat prices in the Marmara region have recovered from a 19-month low due to reports of disrupted vessel movements in the Kerch Strait and strikes in the Azov Sea. The Russian Ministry of Agriculture confirmed the situation, impacting wheat trade flows in the Black Sea region.

Platts-assessed CIF Marmara wheat prices rebounded from a 19-month low, early in the week to July 14, following reports of vessel movement disruptions along the Kerch Strait and strikes in the Azov Sea, according to multiple market participants. Platts is part of S&P Global Energy. On July 14, Russia’s Ministry of Agriculture said on Telegram ...