Ukraine wheat export prices fall under Russian export pressure
Ukrainian soft milling wheat export prices have fallen by $10-$11 per tonne over the past week mostly due to a jump in Russian grain exports ahead of forthcoming exports restrictions, APK-Inform agriculture consultancy said on Monday.
Asking prices for Ukrainian-origin 12.5% protein wheat stood at $280 to $288 per tonne FOB Black Sea, the consultancy said in a report.
Lower quality 11.5% wheat quoted between $278 and $286 per tonne, it said.
APK-Inform said export prices for Ukrainian corn and barley remained almost unchanged at $264-$270 and $249-$257 FOB Black Sea respectively.
Ukraine, a major global grains exporter, has sold 29.4 million tonnes of grain abroad so far in the 2020/21 July-June season, 20.5% less than the same period a season earlier.
The volume included 13.09 million tonnes of wheat, 11.8 million tonnes of corn and 3.95 million tonnes of barley, economy ministry data showed.
Ukraine sold about 57 million tonnes of grain to foreign buyers in the 2019/20 season, while the government has said exports could decline to 45.4 million tonnes in 2020/21 because of a weaker harvest.
Source: Reuters (Reporting by Pavel Polityuk; Editing by Shounak Dasgupta)