DELFI / Valdas Kopūstas
The expert says that a sudden fall of wheat price on the world market over the last weeks can be explained by the fact that speculative selling became more active as the threshold of EUR 170.5/tonne, considered as the price support level, was crossed. Povilauskas says that the grain price may continue to slump even more.
“This year, wheat prices have been suffering drops not only because of record harvests in the major production countries but also due to a good harvest of alternative cultures such as grain maize,” he said.
In the view of Povilauskas, the current wheat price on the market – EUR 150/tonne – may be only temporary and will see a fall unless some unexpected positive factors arise.
Kęstutis Budrys, the President's Senior Adviser, who has been nominated for the post of Minister…
In the heart of Bulgaria, the city of Plovdiv reveals a rich tapestry of ancient…
"We can shout very loudly, but it won't change the position of the American people,"…
From mocking messages flooding social networks to harsh criticism from political experts, the decision of…
Republic Day has been celebrated in Kazakhstan as the main national date since 2022, giving…
According to Lrytas.lt, the North Atlantic Treaty Organisation (NATO) faces a new geopolitical reality with…