Russia. Grain export prices strengthened by $1-2 last week

10.11.2016

Russian wheat continues rising in price in the export market, reports UkrAgroConsult. On average, export prices for Russian milling wheat closed the week up another $2 at $180-182/MT FOB for 12.5% wheat in Novorossiysk port for November-December delivery.

Export prices for Russian high-protein wheat are pushed up by reviving export shipments against the background of strengthening demand from importers.

According to UkrAgroConsult, export prices for wheat with 11.5% protein showed similarly considerable growth – up some $1 to $175-177/MT FOB in Novorossiysk port for November/December delivery.

Corn export prices also increased by $1-2 supported by vivid exports of new-crop corn along with pace of harvesting lagging 18% behind compared to last year.

More information on price behavior on grain market in the countries of Black Sea region is available to subscribers for weekly ag market report "Black Sea Grain & Oil" and "Online market review" by UkrAgroConsult.

 

UkrAgroConsult

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