Russia. Milling wheat export prices continued falling during last week

24.03.2017

Export prices for Russian milling wheat continued falling during last week, reports UkrAgroConsult.

Wheat with 12.5% protein closed the week down $1 at $191‑193/MT FOB Novorossiysk port and $165‑168/MT FOB small ports for March-April delivery. milling wheat russia fob

Prices were pressured by one of the best conditions of Russian winter cereals in the last several years along with expectations of another rich wheat crop in the country in 2017 against the background of record grain inventories.

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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