Feed wheat supplies are disappearing from the Black Sea markets, demand prices have risen to $210/t

the level of $214/t FOB (Pivdenny-Odesa-Chornomorsk), but on Wednesday there was no such offer. At the same time, the demand prices for feed wheat increased by at least $2 – to $210/t FOB in the same ports. A significant increase was also recorded on the domestic market: demand prices reached $207-210/t CPT ports of the Black Sea, that is, at the FOB level. For comparison, a week ago the price for FOB was $206/t, and for CPT – $210. Sources also report that while there are no offers for feed wheat on the European Black Sea coast yet, it is expected that asking prices could reach a discount of €6/t to the September Euronext contract, equivalent to approximately $224/t FOB Constanta-Varna-Burgas (CVB). This comes against the backdrop of a slow harvest in the region. Initial analyses of the harvested wheat show a higher proportion of food rather than feed wheat. In Bulgaria and Romania, the quality of the wheat is generally good, with a high protein content. In Ukraine, the protein ...