Commodities

Bad weather pushes up Ukrainian wheat export prices

Credit: REUTERS/VALENTYN OGIRENKO

Ukrainian milling wheat export bid prices rose by $3 to $6 a tonne over the past week on uncertainty over the harvest in the Black Sea region because of bad weather, the APK-Inform agriculture consultancy said on Monday.

KYIV, July 19 (Reuters) - Ukrainian milling wheat export bid prices rose by $3 to $6 a tonne over the past week on uncertainty over the harvest in the Black Sea region because of bad weather, the APK-Inform agriculture consultancy said on Monday.

The 2021 harvest's soft milling wheat with 12.5% protein was traded at $225 to $232 Black Sea free on board (FOB), the consultancy said in a report.

Feed wheat prices were flat at $217-$224 FOB.

Ukraine exported 44.6 million tonnes of grain in the whole of the 2020/21 season, with the government expecting exports to rise to 56 million tonnes in the 2021/22 season thanks to a bigger harvest.

Ukraine has said it can harvest about 30 million tonnes of wheat this year, up from 25 million tonnes in 2020.

APK-Inform said that corn bid export prices fell by $3 over the past week to $263-$270 a tonne FOB and bid prices for Ukrainian new-crop barley rose $5 to $200-$215 a tonne FOB Black Sea.

(Reporting by Pavel Polityuk Editing by David Goodman)

((pavel.polityuk@tr.com; +380 44 2449150; Reuters Messaging: pavel.polityuk.thomsonreuters.com@reuters.net))

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