Russian milling wheat export prices remained unchanged last week

03.11.2017

Export prices for Russian milling wheat with 12.5% protein remained within the previous week’s range of $193‑195/MT FOB Novorossiysk port for November-December delivery. Prices for 11.5%-protein wheat sank slightly to $187‑189/MT FOB Novorossiysk port for November-December delivery, reports UkrAgroConsult.

According to market participants, Russian wheat deliveries to Turkey continue with no particular constraints with regard to the new documentation requirements. However, a shortage of vessels is observed because of record export shipments and heavy workload.

According to preliminary information of market participants, wheat exports from Russia continue at a record pace.

Purchase prices in the domestic market did not change. The situation remains stable in most regions. No surge is reported in supply, but the pace of sales and purchases is steady.

 

UkrAgroConsult

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