Romanian wheat prices switched to a free fall
Over the week October 30–November 6 the price of Romanian milling wheat (12%) lost another USD 5/mt, averaging USD 273/mt FOB Constanta.
Source: UkrAgroConsult database AgriSupp
Prices fell as grain market continues to react to possible resumption of exports from major exporters of the Black Sea and actual rise in russian shipments via non-Black Sea routes.
Additionally, traders reported about some lack of interest for January-February deliveries, waiting for the results of negotiations as well as for the upcoming harvesting in the Southern hemisphere.
More detailed information on the latest trends in grain exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for Online Analytics “Black Sea & Danube Grain Market” in the new innovative tool for agri market participants – AgriSupp by UkrAgroConsult. Subscribe to a 7-day free trial!
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