Russian export market was characterized by sufficient supply at the background of limited demand that determines trends of prices. Last week, downward trend in export prices was observed in the Russian grain market. In particular milling wheat price in deep-water ports decreased by $2-3 to $165-167/MT FOB under the pressure of global downward trends.
The formation of domestic prices for wheat continues. Over the last week, wheat prices declined slightly, while feed wheat decreased by 200 RUB.
Downward trend is also observed in feed barley market. Although harvesting was at the initial stage (at only 8% of the area), waiting for the mass supply of grain poses pressure on prices. (UkrAgroConsult/Business World Magazine)
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