Export prices for Russian wheat closed the week up another $5-7/MT FOB in deep-sea ports and up $3-5/MT FOB in small ports.
Growth of Russian wheat price accelerated: it has gained 13% on FOB basis over the month (last month its increase equaled 9%), reports UkrAgroConsult.
As before, the prices are pushed up by a strengthening world market and active foreign demand.
Purchase prices for wheat in Russia also continue to rise: they closed the week on average up RUB 500-600/MT in deep-sea ports and up RUB 250-350/MT in the port of Azov. Growers are unwilling grain sellers as they are waiting for a further price increase, therefore traders are forced to raise buyer price.
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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