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15 March, 2021

Ukrainian wheat prices down, corn up over the past week

Ukrainian wheat export prices lost $1-$2 a tonne over the past week after a slight decrease in Russian wheat prices and an expected jump in the 2021 crop, analysts from APK-Inform consultancy said on Monday

Asking prices for Ukrainian-origin 12.5% protein wheat stood at $279 to $286 per tonne FOB Black Sea, the consultancy said in a report.

Lower quality 11.5% wheat was quoted between $277 and $285 per tonne, it said.

Russian wheat export prices fell after two weeks of growth due to lower prices in Chicago.

Ukraine's state weather centre said this weekend around 98% of Ukrainian winter wheat crops and 100% of winter barley were in good condition.

 

The government has said favourable weather could help farmers to increase their grain crop to 75 million tonnes this year from 65.5 million tonnes in 2020.

APK-Inform said export prices for Ukrainian corn added $2 to $4 a tonne to $262-$270 while barley prices remained stable at $259-$265 FOB Black Sea.

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. (Reporting by Pavel Polityuk)

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