Wheat prices on Euronext exchange rose on Tuesday, with contracts recovering from their lowest levels, as an Algerian tender boosted demand prospects and traders grew concerned amid renewed shipping threats in the Black Sea against the backdrop of the Russian-Ukrainian war.
Wheat prices on the Euronext exchange increased on Tuesday, as contracts rebounded from recent lows. This uptick was fueled by an Algerian tender for wheat purchases, which improved demand outlooks. At the same time, traders are expressing concern due to res threats to shipping in the Black Sea, a situation directly linked to the ongoing conflict between Russia and Ukraine.
