Russian wheat export prices continued to go down last week (- USD 2/MT FOB), reports UkrAgroConsult.
The prices were under pressure of the following factors:
- reduction of wheat prices in the world market;
- increased competition among Black Sea exporters and European suppliers;
- limited demand from importers.
In the domestic market, traders began to cut their demand prices for wheat, since wheat export from Russia remains economically unprofitable, given the current level of export prices. Some part of Russian exporters switched to other agricultural crops trading, expecting some reduction of wheat prices in the domestic market, reports UkrAgroConsult.
More detailed information on the latest trends in grain exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for Online Analytics "Black Sea Grain" in the new innovative tool for agri market participants – AgriSupp.com by UkrAgroConsult. We offer 2-week trial! Completely free!
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