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Ukrainian wheat export prices followed global market trends

Date 07-Mar-2018
Subject Ukrainian wheat export prices followed global market trends

An upward price trends persisted in Ukrainian wheat market last week. Export prices for Ukrainian wheat closed the week up another USD 2-3/MT FOB, depending on the class, reports UkrAgroConsult.

Wheat prices were pushed up mostly by global market trends and concerns about the future wheat crop in major exporting countries. Wheat prices on the Chicago exchange rose by a record 12% over the week. In addition, wheat export prices continued to steadily grow all over the Black Sea region. The foreign demand was still high for this time of the season, while wheat supply from Ukraine decreased noticeably.

The domestic wheat market was still supported by strong demand from traders amid decreasing stocks. By the end of the week, domestic wheat prices had gained on average UAH 100-150/MT.

Check up prices and enjoy free online charts on our website. Daily updated commodity exchange prices (CBOT, ASX, BCE, MATIF, WCE, LIFFE) and cash market quotations for wheat, corn, barley, soybean, sunflower and other agricultural commodities in Ukraine, Black Sea region and world are available in section "Prices and Futures".


Source:-Blackseagrain.net

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