Ukrainian wheat prices continued their growth last week
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Ukrainian export prices for wheat strengthened last week following the Russian export market trends and due to national currency exchange rate volatility, as well as strong demand from importers, reports UkrAgroConsult.
Ukraine. Milling wheat export market strengthened last week
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Last week saw mixed price trends in the Ukrainian wheat market. Milling wheat held in price there. Although world prices closed the week with a decrease, the Ukrainian export market showed slight strengthening of 12.5%-protein wheat prices for August-September delivery.
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At the end of last week India and China reduced purchase prices of vegetable oils expecting Argentine soybean oil to enter the market, which resulted in Friday’s sunflower oil price reduction in Ukraine.
The demand for sunflower meal increased in China / News
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For the last week, as of January 31, the export value of sunflower meal on the terms of FOB deepwater ports delivery increased by almost 9% compared to last week. Most market operators pronounce the prices at the level of USD 180-190/mt.
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Greece on Tuesday said it was recalling all sunflower oil imported since January after a Ukrainian batch was found to be tainted with mineral oil, sparking a two-week food scare. "We have decided to recall the entire supply of suspect sunflower oil from the market," Development Minister Christos Folias told reporters.
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