According to APK-Inform, Ukrainian wheat export prices have decreased by a further $7 a tonne over the past week amid a positive outlook for the 2021 wheat harvest.
The Ukrainian government, indeed, has said good weather is likely to help farmers increase their grain crop to at least 75 million tonnes this year from about 65 million tonnes in 2020.
Meantime, according to economy ministry data showed on Friday, Ukraine’s grain exports have fallen by almost 23% to 36.5 million tonnes so far this season, which runs from July 2020 to June 2021, .
Traders, indeed, exported 14.5 million tonnes of wheat, 17.3 million tonnes of corn and 4.1 million tonnes of barley, it said.
In this context, bid prices for high-quality soft milling wheat decreased by $7 to $232-$237 a tonne FOB Black Sea port.
Feed wheat also fell by $7 a tonne to $228-$233 FOB Black Sea.
Corn export prices were flat over the week at $252-$258 FOB, while bid prices for Ukrainian-origin barley decreased by $8 and stood at $227 to $235 per tonne FOB Black Sea.
To note, that traders and officials said last week that escalating tensions on Ukraine’s eastern border with Russia had not yet affected domestic grain exports and prices.
Source: Reuters
