ODESA: Export prices for wheat in Ukraine and the Black Sea region fell to a 3-month low due to weak external demand and falling futures. Currently, major importers do not need to purchase in the near future. Concerns about the confrontation between Ukraine and Russia have eased.
Thus, the purchasing prices for Ukrainian wheat with 11.5% protein fell to 295-300 $/mt in main ports. Feed wheat prices reached the level of 275-280 $/mt.
Since the beginning of the season, Ukraine has already exported 17.1 million tons of wheat. This is almost 75% of the 23.5 million tons agreed for export under the Memorandum between the Ministry and grain market participants.
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