Russian corn prices are the highest among Black Sea offers

09.12.2016

In November the Russian corn market saw record high export deliveries for this month. Remarkably, the export price of Russian corn remains actually the highest among Black Sea offers: $172-173/MT FOB in Novorossiysk port for December-January delivery. Export price for Russian corn is propped up by active demand from Iran and South Korea. In addition, market participants say the first parcels of Russian corn were shipped to Vietnam and Bangladesh in November.

In the case of Russia, corn remains the most expensive forage grain crop in the export market this season. feed wheat russia fob

Export prices in the feed wheat market increased by $1 on Bangladeshi demand for Russian feed wheat, to $168-171/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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