Black sea wheat prices revise upward — Agritel

Black Sea wheat prices are progressing significantly in FOB, CPT or EXW-farm basis due to the rally observed both on Euronext and in Chicago, Agritel reports.

"Now, Black Sea origins are showing increased competitiveness with European origins, estimated at 10 $/t FOB basis and are well positioned on the international market," the report reads.

Wheat production in Ukraine and worldwide (click for full resolution)

It is noted that exporters will revise their prices up.

In the week of Mar. 14-20, staple grains shipment in Ukrainian seaports amounted to 1.18 mln t, 26% higher from the previous week's volumes (933 mln t, as provided by the figures updated).

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