The price of Ukrainian export wheat rose last week by USD 3 to 4 per tonne in response to the forecast of the decline in the harvest in Ukraine and other exporting countries, the agricultural consultancy APK-Inform said today.
The price of milling wheat for the new 2020 crop was set at USD 172 to 174 per tonne of CPT (Carriage Paid To) in small Ukrainian Black Sea ports on June 3, compared to around USD 168 to 170 a week earlier, the consulting firm said.
Feed wheat prices have also risen from $ 159 to $ 161 to $ 160 to $ 164 a ton.
The Ukrainian Ministry of Economic Affairs announced that the drought during sowing and in winter could lead to a decrease in the wheat harvest from 28.3 million tons to around 23 million tons.
The ministry also announced that wheat exports could decrease from 20.5 million tons in 2019/20 to 14.9 million tons in the 2020/21 season from July to June.
Source
Hansa Terminhandel GmbH
