Last week Russian wheat decreased in price on the export market. 12.5% milling wheat price lost in average $2/MT. Prices were pressured by CBOT tendency as well as by continuing wheat ergot story with Egypt.
Decline in prices was seen also in feed wheat market. Over the week export prices for feed decreased in Novorossiysk port by more than $1-2/MT in average and reached $152-153/MT FOB for September-October delivery. Significant supply is still observed on the market, but importers demand is limited. (UkrAgroConsult/Business World Magazine)
