[Asia Economy Reporter Kwon Jaehee] Due to Russia's invasion of Ukraine, international grain prices have surged, leading to strong performance in feed-related stocks.


As of 9:40 AM on the 20th, Daejoo Industrial is trading at 3,905 KRW, up 18.33% compared to the previous trading day. At the same time, Hyundai Feed is trading at 162,600 KRW, up 8.11% from the previous day. Daehan Sugar also recorded 5,100 KRW, up 8.17%. EasyBio is showing 8,110 KRW, up 8.42% from the previous day.


As the Russia-Ukraine situation prolongs and international grain prices soar, feed stocks continue to show strong performance day after day.


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Kim Heewon, a researcher at Shinhan Financial Investment, said, "Since Russia and Ukraine are major suppliers of agricultural products, they have stimulated upward pressure on prices," adding, "Prices of corn, wheat, and soybeans have risen by 31%, 43%, and 26%, respectively, compared to the beginning of the year."


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