Kazakhstan. Milling wheat prices grew last week supported by strong demand

24.11.2016

The export market of Kazakhstan saw growth of milling wheat prices last week, reports UkrAgroConsult.

It was fueled by the following factors:

- reviving demand from key importers;

- consequent growth of Kazakh wheat exports by a third against 2015 early in the season;

- rising domestic prices for milling wheat in Kazakhstan against the background of volatility of the national currency;

- persistent increase in export prices for milling wheat in other Black Sea countries.

According to UkrAgroConsult, average export prices for Kazakh wheat with 12.5% protein closed the week up $3-6 at $177-185/MT FOB in Aktau port and $175-183/MT DAF Russia.

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 Oil" and "Online market review" by UkrAgroConsult.

 

UkrAgroConsult

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