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APK-Inform: International wheat prices strengthen, restraining Ukrainian wheat decline

 Last Update: 2022-05-11
 Source: Internet
 Author: User

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Foreign media, April 20 news: According to the consultancy APK-Inform, Ukrainian wheat export prices continued to fall last week, but the rate of decline has slowed
.

On Friday, the FOB price of 12.
5% protein Ukrainian old wheat was $360 to $390 per ton, and the April and May shipping dates were down $5 from a week ago; the price of new wheat FOB fell by $15 to $20 per ton, to $305 per ton.
USD to 320 USD/ton, July and August shipping schedule
.
Currently Ukrainian wheat prices are still higher than Russian wheat prices
.

The main bearish factor facing the Ukrainian wheat market remains unchanged, the report said
.
However, higher wheat prices in the European Union and the United States capped the decline in Ukrainian wheat prices
.

Global wheat ending stocks in 2021/22 are expected to fall to the lowest level in five years, coupled with the ongoing conflict in Russia and Ukraine, severe drought in Morocco, and some importers actively bidding for wheat, supporting the strengthening of international wheat prices
.

wheat export price

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