Russian grain prices decreased last week

23.09.2016

Last week Russian wheat decreased in price on the export market, reports UkrAgroConsult. 12.5% milling wheat price lost in average USD 2/MT. Prices were pressured by CBOT tendency as well as by continuing wheat ergot story with Egypt.

 milling wheat russia fob

Decline in prices was seen also in feed wheat market. Over the week export prices for feed decreased in Novorossiysk port by more than USD 1-2/MT in average and reached USD 152-153/MT FOB for September-October delivery. Significant supply is still observed on the market, but importers demand is limited.

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.

 

UkrAgroConsult

 

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