Ukrainian wheat export prices have lost another $5 to $7 a tonne over the past week due to good prospects of the 2021 wheat harvest and decrease in Russian wheat prices, APK-Inforn agriculture consultancy said on Sunday. The government has said favourable weather could help farmers increase their grain crop to 75 million tonnes this year from 65.5 million tonnes in 2020. It said the exports could reach 53 million tonnes in the 2021/22 season. Bid prices for high-quality soft milling wheat decreased to $274 to $279 a tonne FOB Black Sea port as of March 20, it said. Feed wheat fell to $270-$275 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 45.4 million tonnes in 2020/21 because of a weaker harvest. Ukraine’s grain exports have fallen by nearly 23% to 33.9 million tonnes so far this season, which runs from July 2020 to June 2021, economy ministry data showed on Friday. Exporting almost 14 million tonnes of wheat, traders have used 80% of the total export quota of 17.5 million tonnes imposed for the whole 2020/21 July-June season. APK-Inform said corn export prices added $2 a tonne to $264-$272 FOB, while Ukrainian-origin barley cost $4 and was offered at $255 to $261 per tonne FOB Black Sea.
Source: Reuters (Reporting by Pavel Polityuk; Editing by Catherine Evans)
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