Purchasing prices of wheat continue decreasing in Russian seaports – APK-Inform

Source

APK-Inform

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According to APK-Inform, the purchasing prices of wheat declining in Russian ports of the Black Sea.

The prices are pressured by lower demand from traders, many of which have already taken their export quotas and shift to the forward purchases. Stronger ruble weighted on the prices as well, however, many experts suppose that the ruble rate is artificially high.

As of May 20, the bid prices of food wheat totaled 16850-17200 RUR/t CPT-port (incl. VAT) in the ports of the Black Sea, down by 150-250 RUR/t compared to the week ago level.

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