Kazakhstan. Expected record crop puts pressure on wheat prices

07.10.2016

Decrease in prices for milling wheat was seen at the export market of Kazakhstan. Last week export prices for 12.5% wheat decreased by USD 20-22 in average in the Aktau port to USD 163-170/MT FOB. New wheat crop which is expected to be the highest in Kazakhstan over the past five years puts pressure on prices. Export contracting of new wheat crop wasn't observed, the prices are mainly declarative.

Massive grain harvesting is finishing in Kazakhstan. Higher milling wheat export activity is expected in October-November.

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 & Oil" and "Online market review" by UkrAgroConsult.

 

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