Wheat prices rise following collapse of major dam in southern Ukraine
The destruction of the Kakhovka dam and hydroelectric power station, which sits on the Dnieper River in an area that Moscow controls, raised anxiety about a potential disruption to global supplies.
Andrey Sizov, managing director of Black Sea agricultural markets research firm SovEcon, said the dam's collapse "looks like a big escalation with dire consequences and huge headline risk." Photo: ANI