Russia. Wheat market remained bullish last week


Last week tendency of export price growth continued on the Russian wheat market. In particular, price of 12.5% protein wheat increased by $2 to $175-177/MT FOB, informs UkrAgroConsult. Price received support on information of lower high protein wheat share in the new crop, improvement in export demand and necessity to fulfill supply contracts.

Domestic milling wheat prices rose in average by RUR 300 to RUR 10500-10700 / MT СРТ, supported by domestic purchases to intervention fund as well as due to exporters` demand, which fulfill short-term contracts.

 milling wheat russia

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 & Oil" and "Online market review" by UkrAgroConsult.



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