Russia. Milling wheat export prices continued to grow last week

03.03.2017

Further price growth was seen in Russia’s export market of milling wheat last week, both in deep-water and small ports. In view of a strengthening rouble, export prices for milling wheat with 12.5% and 11.5% protein content closed the week up another $2 at $191‑194/MT FOB and $187‑189/MT FOB, respectively, in Novorossiysk port for March-April delivery.

 milling wehat russia fob

At the same time, the pace of Russian grain exports leaves much to be desired. The main constraint is a strengthened rouble, which curbs export sales. Steadily strong Egyptian demand remains almost the only foreign driver for Russian exports.

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.

 

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