According to APK-Inform, the indicative forward export prices of Ukrainian wheat increased again last week.
The Ukrainian market was supported by the development of the world market, where the tough global wheat balance, concerns about food security and expected decline of world wheat production, trade and stocks pushed the prices up. The USDA and the IGC are pessimistic about 2022/23 season due to weak export from Ukraine amid war, deterioration of US and European wheat conditions as well as uncertain Indian export policy.
The indicative offer prices of new-crop 12.5%, 11.5% and feed wheat increased by 15-20 USD/t to 365-390, 360-385 and 325-345 USD/t FOB (July-August) last week.
Follow our newswire to stay informed about further development of Ukrainian grain market. More detailed information is available for those subscribed at our weekly reports.
