Russia. This past week featured further price growth

20.07.2017

This past week featured further price growth. However, its pace slowed down noticeably. Nevertheless, Russian wheat remains one of the most attractive positions and enjoys quite active demand.

Domestic prices continue to be supported by a slow harvest pace. High-protein wheat prices closed the week on   69 to 75 MMT. Based on current harvest progress data, UkrAgroConsult also adjusts its crop forecasts: the wheat crop estimate was increased from 67 to 69.5 MMT, while that for barley was slightly cut from 17.2 to 17.1 MMT.

More information on crop conditions and progress of harvesting campaign in the countries of Black Sea Region is available to subscribers for weekly market report "Black Sea Grain & Oil" by UkrAgroConsult.

 

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