Export prices for Russian wheat were stable last week
In the port of Novorossiysk, milling wheat with 11.5% protein closed last week unchanged within a range of $203-206/MT FOB, April-May delivery. Export prices for 12.5% protein wheat decreased a bit to $207-210/MT FOB Novorossiysk port, April-May delivery, reports UkrAgroConsult.
Russian wheat still holds within its previous price range owing to both buoyant demand and some strengthening of the rouble over the week.
Russian new-crop milling wheat with 12.5% protein is traded on average $20-21/MT above forward prices seen at the same time last year.
More information on price behavior on grain market in the countries of Black Sea region is available to subscribers for weekly market report "Black Sea Grain" and "Online market review" by UkrAgroConsult.
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