Decrease in prices for milling wheat was seen at the export market of Kazakhstan. Last week export prices for 12.5% wheat decreased by $20-22 on average in the Aktau port to $163-170/MT FOB. New wheat crop, which is expected to be the highest in Kazakhstan over the past five years, puts pressure on prices. Export contracting of new wheat crop wasn’t observed, the prices are mainly declarative.
Massive grain harvesting is finishing in Kazakhstan. Higher milling wheat export activity is expected in October-November. (UkrAgroConsult/Business World Magazine)