Export prices for wheat have decreased again.

Last week, prices for Russian wheat with 12.5% protein for delivery in October-November decreased by $1 to $229-230/t FOB, while wheat with 11.5% protein increased by $1.5 to $227.5/t, reported the analytical center "Rusagrotrans." Ukrainian wheat with 11.5% protein became cheaper by $1 to $229/t, French wheat also by $1 to $226/t, the price of American wheat decreased by $3 to $223/t, and Australian wheat by $7 to $239/t. Prices are weakening amid increased competition between suppliers, analysts note. Prices for wheat with 12.5% protein in deep-water ports of Russia with road delivery remained without significant changes at 16,700-16,900 RUB/t excluding VAT, and with rail delivery at 16,000-16,100 RUB/t. On shallow water, prices decreased by 200 RUB to 14,900 RUB/t. In the South, wheat of the 4th grade increased by 100 RUB to 14,200-15,000 RUB/t (EXW elevator). In the Central regions, prices remained without significant changes (on average minus 50 RUB) at 12,500-12,800 RUB/t, ...