According to APK-Inform, the indicative forward prices of Ukrainian wheat increased last week.
Along with concerns about significant decrease of global wheat export, the prices were supported by May USDA report, where the world wheat crop and stocks were expected to decline in 2022/23 MY.
The indicative offer prices of new-crop 12.5%, 11.5% and feed wheat increased by 20-25 USD/t to 350-370, 345-365 and 310-330 USD/t FOB (July-August) last week.
Favorable weather for winter and early spring crops as well as mainly good condition of crops limited the development of the upward trend.
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