The increase in wheat prices reduced the panic on the stock exchanges

an Additional indicator of the price of wheat of the new harvest for traders will be the results of the tender in Saudi Arabia, where the state operator of the SAGO plans to buy 600 thousand tons of wheat with a protein of 12.5% with delivery from July to September.

Yesterday Tunisia bought 92 TMT of wheat with protein 11.5% from the July delivery price 221,54 $/t CFR, which is 14 $/t lower than they were a month ago.

After a previous 5-day drop yesterday on Euronext, wheat prices increased by 0.5 €/t 182 €/t or 202,58 $/ton, primarily due to the depreciation of the Euro to 10-month low.

In Chicago, after upgrading a 6-week low, wheat prices on Thursday recovered somewhat. adjustment caused by technical purchases that are carried out by speculators.

wheat Exports from the U.S. last week rose by 33.8% to 425,2 thousand tonnes, which is 43% higher than the corresponding period last year. A large part of the exports sent to Mexico.

In Russia by reducing supply and demand (week exported 200 thousand tons of wheat) prices have declined offers to 215 $/MT FOB for deliveries in may, and 188 USD/MT FOB for shipments in July of grain.

In Ukraine, purchasing prices for wheat plummeted because of reduced export demand. Most traders in April, close contracts and plan to buy wheat until the new harvest.

Prices in port for the week fell by 5-10 $/MT and now are:

the

wheat with protein 11.5% of 190-192 $/t or 6000-6050 UAH/t,

wheat fodder 185-190 $/t or 5750-5850 UAH/t

• wheat with protein 12,5% 194-195 $/t or 6050-6100 UAH/t,

Prices on Ukrainian wheat of the new harvest also reduced. Traders offer for delivery to the port in July-August feed wheat 158-160 $/t, food with protein 11,5% - 168 $/t