Russian wheat prices continued to strengthen last week

13.10.2016

Russian wheat prices continued to strengthen on the Russian export market last week, reports UkrAgroConsult. Export prices for milling wheat with 12.5% protein increased in average by USD 2 to USD 172-174/MT FOB in the Novorossiysk port for October-November delivery. More significant price increase was seen for wheat with 11.5% protein, and feed wheat  - about USD 4-5 during the week - to USD 167-169/MT FOB and USD 157-160/MT, respectively, in the Novorossiysk port for October-November delivery.

Improved demand from importers supported Russian wheat prices, despite the decline in the global market.

 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.

 

UkrAgroConsult

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