Last week Russian grain export prices decreased by $2-3

22.07.2016

Russian export market was characterized by sufficient supply at the background of limited demand that determines trends of prices. Last week, downward trend in export prices was observed in the Russian grain market. In particular milling wheat in deep-water ports decreased by USD 2-3 to USD 165-167 /MT FOB under the pressure of global downward trends.

The formation of domestic prices for wheat continues. Over the last week, wheat prices declined slightly, while feed wheat decreased by RUB 200.

Downward trend is also observed in feed barley market. Although harvesting was at the initial stage (at only 8% of the area), waiting for the mass supply of grain poses pressure on prices.

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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