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On November 3, the FOB price of 12.
5% protein wheat in Russia was US$335 per ton, an increase of US$3.
25 from the previous trading day
.
The FOB price of 11.
5% protein wheat in Ukraine was US$328 per ton, an increase of US$1.
25
.
5% protein wheat in Russia was US$335 per ton, an increase of US$3.
25 from the previous trading day
.
The FOB price of 11.
5% protein wheat in Ukraine was US$328 per ton, an increase of US$1.
25
.
Prices in the global wheat market have risen across the board this week, as bad weather conditions have caused global supply shortages and demand in consumer countries has surged
.
.
The world's major importing country-Saudi Arabia bought 1.
27 million tons of flour wheat through a bidding meeting, and the purchase volume exceeded market expectations
.
27 million tons of flour wheat through a bidding meeting, and the purchase volume exceeded market expectations
.
Egypt, the world's largest wheat importer, also bought 180,000 tons of wheat with increased tenders, the origin of which is from Russia
.
.
Worrying about the wheat harvest in the United States, coupled with the possible tight supply of Russian wheat, has pushed up global wheat prices
.
.
The U.
S.
Department of Agriculture said on Monday that as of October 31, the excellent and good rate of winter wheat in the United States was 45%, down 1% from a week ago
.
S.
Department of Agriculture said on Monday that as of October 31, the excellent and good rate of winter wheat in the United States was 45%, down 1% from a week ago
.
In addition, Ukraine limits wheat exports in the 2021/22 season (July to June of the following year) at 25.
3 million tons, which may also lead to tight supply
.
The US Commodity Meteorological Group said on November 2 that rains were scarce in Ukraine’s agricultural production areas this week, and a considerable part of the wheat fields were dry, which may affect the yield potential of wheat
.
In Russia, the spring wheat harvest may fail, and export tariffs will increase, which will also cause further tightening of supplies
.
The Russian Ministry of Agriculture has raised the export tariff on wheat from November 10-16 by US$2.
9 to US$69.
90 per ton
.
3 million tons, which may also lead to tight supply
.
The US Commodity Meteorological Group said on November 2 that rains were scarce in Ukraine’s agricultural production areas this week, and a considerable part of the wheat fields were dry, which may affect the yield potential of wheat
.
In Russia, the spring wheat harvest may fail, and export tariffs will increase, which will also cause further tightening of supplies
.
The Russian Ministry of Agriculture has raised the export tariff on wheat from November 10-16 by US$2.
9 to US$69.
90 per ton
.
Russia will implement formula tax calculation from June 2nd, subtract $200 from the base price of wheat, and then multiply it by 70%
.
The wheat benchmark price in the formula is not the export contract price, but the benchmark price calculated by the Moscow Exchange
.
.
The wheat benchmark price in the formula is not the export contract price, but the benchmark price calculated by the Moscow Exchange
.
