Black Sea wheat prices recover since early 2020

Grain prices in the Black Sea region continue recovering from the low point of the season reached in September, Agritel writes. Since the beginning of the year, wheat prices show the most firmness displaying for delivered port Odesa at:

• 209 $/ t for the 12.5%;
• 208 $/t for the 11.5%;
• 205 $/t for feed wheat.

As reported, corn prices (171 $/t) are above those for barley (170 $/t).

"These high price levels encourage Ukrainian producers to settle their sales of wheat and advance in corn," the message reads.

Since the start of 2019/20, Ukrainian seaports have shipped 33.87 mln t of staple grains for export vs. 26.27 mln t in the prior season's comparative period. As of Jan. 20, commodities shipment increased by 7.59 mln t (29%) from the comparative period of the previous year.