Russia. Wheat prices hit two-year low
Export prices for Russian milling wheat continued sinking (down $4-5/MT FOB week-over-week in deep-sea ports and down $1-2/MT FOB in small ports), reports UkrAgroConsult.
Russian wheat prices have lost $10/MT FOB over the month (down $38/MT FOB year-over-year), hitting their two-year low.
Prices continue to be driven down by weakening foreign demand against the background of increasing grain supply from the Black Sea region.
Comparatively high purchase prices in Russia’s domestic market along with low export prices have undermined export competitiveness of Russian wheat and reduced its shipments abroad.
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 Grain" in the new innovative tool for agri market participants – AgriSupp.com by UkrAgroConsult. We offer 2-week trial! Completely free!
Read also
Imports of sunflower oil to India decreased by 48% in April
After seven months of decline, FAO Food Price Index ticks up in March, mostly driv...
Monthly Digest of Black Sea & Danube Agricultural Markets Reports from UkrAgr...
Sergey Feofilov, UkrAgroConsult, will speak at the 5th CeMI Commodities Exchange M...
Development of winter crops in Ukraine is 14 days ahead of the norm
Write to us
Our manager will contact you soon