Black sea wheat prices fell again

16.02.2020 16:51 "Agro Perspectiva" (Kyiv) — In the Black Sea region, wheat prices (12.5%) fell again in the reporting week. The decrease was USD3–4/t. Prices have fallen amid the spread of coronavirus and increased competition in export markets. The decline was supported by the weakening of wheat quotations on global exchanges. By the middle of the current calendar week, wheat prices in the Black Sea region were at USD217–222/t, FOB for March/April deliveries. The latest Egyptian tender showed prices for wheat at Russian ports at USD227–228/t, FOB. This turned out to be USD7–9/t below the results of the previous tender (about three weeks earlier).

In Ukraine, 12.5% wheat export prices have declined by USD3/t and by the end of the reporting period were within USD217–222/t, FOB, Black sea port, Mar/Apr shipments. Prices for wheat (11.5%) have decreased by USD3/t to USD215–220/t, FOB. Feed wheat prices have declined by USD3/t and reached level of USD209–214/t, FOB.

More about Ukrainian grain market you can read in Ukrainian Grain & Oilseed Market.

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