Russia. Milling wheat with 11.5% protein continued growing

02.12.2016

Export prices for milling wheat with 11.5% protein continued growing, reports UkrAgroConsult. In Russia, they closed last week another $2 at $179-181/MT FOB Novorossiysk port for December delivery. Thus, prices for Russian milling wheat with 11.5% protein have hit their 2016 high thanks to expanding exports of this grade in the current season.

Growth of purchase prices for high-protein wheat went on in the domestic market. On average, purchase prices for 12.5%-protein milling wheat closed the week up another RUB 100/MT at RUB 11300-11600/MT СРТ Black Sea due to stronger demand from traders.

Feed wheat prices continued rising on the same factors: shrinking supply against the background of comparatively stable demand. Russian feed wheat price closed the week up another $1-2 at $167-170/MT FOB Novorossiysk port for December-January delivery.

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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