agriculture

Ukraine grain export prices down amid weak demand, good crop outlook


KYIV, April 5 (Reuters) – Ukrainian wheat export prices have
lost another $9 a tonne in the past week due to a fall in demand
and good prospects for the 2021 wheat harvest, APK-Inform
agriculture consultancy said on Monday.

The government has said good weather is likely to help
farmers increase their grain crop to at least 75 million tonnes
this year from about 65 million tonnes in 2020.

Asking prices for high-quality soft milling wheat decreased
to $245-$251 from $254-$260 a tonne FOB Black Sea port a week
ago, APK-Inform said.

Feed wheat fell by up to $9 a tonne to $241-$247 FOB Black
Sea.

Ukraine sold about 57 million tonnes of grain to foreign
buyers in the 2019/20 season, while the government has said
exports could decline to 45.7 million tonnes in 2020/21 because
of a weaker harvest.

Ukraine’s grain exports have fallen by almost 23% to 35.7
million tonnes so far this season, which runs from July 2020 to
June 2021, economy ministry data showed on Friday.

Traders have used 82.3% of the total wheat export quota of
17.5 million tonnes imposed for the whole 2020/21 July-June
season, exporting 14.4 million tonnes of wheat so far.

APK-Inform said corn export prices had reversed the
downtrend and rose by up to $5 a tonne to $261-$270 FOB, while
prices for Ukrainian-origin barley decreased by $8 and was
offered at $240 to $247 per tonne FOB Black Sea.
(Reporting by Pavel Polityuk; editing by Emelia
Sithole-Matarise)

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View more information: https://www.agriculture.com/markets/newswire/ukraine-grain-export-prices-down-amid-weak-demand-good-crop-outlook

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