Procurement prices for wheat in Ukraine falls behind the world

2020-08-11 12:08:04
Machine translation
Procurement prices for wheat in Ukraine falls behind the world

Under pressure from the fall in world wheat prices, which continued for a week, the purchasing prices in Ukraine fall on low export demand.

 

the French wheat cheaper 6 consecutive session due to the low rate of export and disappointing forecasts of production amid high competition with black sea grain.

 

IN 2020/21 MG as of August 10 EU countries (including the UK) exported 977,7 thousand tons of soft wheat, which is 61% less than the corresponding indicator 2019/20 Mr. The import of soft wheat rose to 182,263 thousand tons, which is 11% less than the same indicator 2019/20 Mr.

 

France Share in total exports of soft wheat from the EU is only 10%, whereas previously they did not fall below 30%. Even Romania, which has sharply reduced wheat production, holds the share in exports at 49%.

 

the

  • September futures milling wheat on MATIF on Friday fell by €1/t to 177 €/t or 207,89 $/t

 

U.S. wheat continues to become cheaper under the pressure of increased production forecasts in the main competitor countries, particularly in Russia, where the Agency's experts IKAR raised its forecast for wheat production by another 1.5 million tonnes to 81 million tonnes.

 

the September wheat futures in the U.S. fell:

the

0.55 $/t to 152,12 $/t for solid winter HRW wheat in Kansas city

1.38 $/t to 180,32 $/t on a firm spring HRS wheat in Minneapolis.

  • 1.65 $/t to 180,41 $/t for SRW soft winter-wheat in Chicago

 

In Russia as of 10 August from 15.7 million hectares or 53,4% of the area harvested 57.6 million tons of wheat with a yield of 3.67 t/ha. According to the IKAR, during the week the price of Russian wheat with protein of 12.5% on FOB basis decreased by $2/MT to 205 $/t

 

In Ukraine, purchasing prices for milling wheat decreased for a week for 6-8 $/t or 200-250 UAH/t to 187-189 $/t or 6200-6350 UAH/t at the port, with the result that manufacturers have reduced sales because they believe that due to low wheat harvest and reduced harvest forecasts of corn prices start to rise.

 

Today, the Egyptian GASC will hold another tender for the purchase of soft milling wheat for delivery from 25 September to 5 October, which will become the new indicator of price for black sea wheat.

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