Russia. Wheat export prices continue going down last week

14.09.2018

Export prices for Russian wheat continue sinking under pressure from both global and Russian market trends. Russia increased supply of its wheat in the export market. At the same time, firmer foreign demand is observed mostly for small grain cargoes. Part of buyers have taken a wait-and-see attitude in the falling market, counting on a further price decline, reports UkrAgroConsult.  

Export prices for Russian high-protein wheat (12.5% +) closed the week down on average another $4-5/MT in deep-water ports, at $216- 222/MT FOB in Novorossiysk, and down $2-3/MT in small ports, at $193-197/MT FOB, for September-October delivery.

More detailed information on the latest trends in grain exports, supply and demand balances with breakdown by crop, price behavior as well as on crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for weekly market report "Black Sea Grain" by UkrAgroConsult.

 

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