According to APK-Inform, the prices of wheat continued decreasing in Ukrainian ports of the Danube last week.
The prices were still pressured by high stocks of old-crop wheat, growing supply of new-crop grain, logistical problems and limited export opportunities. However, there were hopes for unblocking of some Black Sea ports. The demand from importers was weak, as many of them were waiting for lower prices.
In the ports of Reni an Izmail, the bid prices of 2-grade and 3-grade wheat decreased by 3-15 USD/t to 170-192 and 160-190 USD/t СPT-port, the bid prices of feed wheat declined by 30-35 USD/t to 125-150 USD/t CPT-port.
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.
