Ukraine wheat export prices fell $6 a tonne over the last week

Ukraine wheat export prices fell $6 a tonne over the last week

Lower global grain prices and improved prospects for the 2021 harvest have cut Ukrainian wheat export prices by $6 per tonne over the last week, APK-Inform agriculture consultancy said on Monday.

In October, high demand from importers and worries over delay in winter wheat sowing pushed Ukraine’s milling wheat export prices to the highest in two seasons.

Ukrainian 12.5% protein Black Sea wheat prices rose to $249-$253 per tonne FOB Black Sea at the end of last week, the consultancy said in a report. For the lower-quality 11.5% protein wheat, prices were between $247 and $251 a tonne FOB.

Ukraine, among the world’s major wheat growers and exporters, plans to export 17.5 million tonnes in the 2020/21 July-June season. (Reporting by Pavel Polityuk; Editing by Kim Coghill)

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