Kazakh traders forced to reduce offer prices of wheat




According to APK-Inform, the export prices of Kazakh wheat decreased this week.

The offer prices of 3-grade wheat declined to 285-295 USD/t DAP-Saryagash, which is down by average 3-5 USD/t from last week. Low demand for the grain from top importers and high competition from Russian origin remain the main factors of price pressure.

APK-Inform notes that, according to a number of market participants, the bid prices of Russian wheat are announced at260-270 USD/t DAP.

The development of Kazakh grain market and many other issues will be discussed at Asia Grain Conference on April 25-26 in Almaty. Register to participate!