Russian export prices continued to go down

27.07.2016

Decline in prices for milling wheat was seen on the Russian export market. During the week prices decreased in average by USD 3 to USD 161-164 /MT in the deep-water ports.

Domestic prices remained relatively stable with a slight decrease. Mainly 11-12% pro milling wheat was offered. At the same time, high protein wheat is held by owners due to expectations of increase in prices.

The situation is similar in the barley market. Demand from traders in the ports exceeds supply, so CPT prices remain stable despite mass harvesting.

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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