News

Global fresh wheat prices have arrived

Wheat
Published Feb 1, 2023

Tridge summary

The world market price of wheat decreased slightly between December 9, 2022 and January 6, 2023 due to improved crop prospects. In Hungary, edible wheat was traded at an average producer price of HUF 111.5 thousand per ton without VAT and transport costs in the third week of January. This price level exceeded the previous year by 8 percent. Feed wheat traded for HUF 110.2 thousand/ton (+11 percent) at the same time.

Original content

According to Tallage, the world market price of wheat decreased slightly between December 9, 2022 and January 6, 2023 due to the expected Australian record harvest. The immediate export price of milling wheat arriving in Rouen (FOB) eased by $5 to $326/ton. In Germany (FOB Hamburg), they contracted for $334 ($-3) for spot, $337 for February and $339 for March. In the USA, the spot market price of red soft winter wheat (SRW) was $7 lower at $326/ton at the beginning of January. The spot port price for hard red winter wheat (HRW) was up $1 ($384/t) at the same time. In Argentina, the spot price of milling wheat for export was $376/ton (+$1) on January 6. At the same time, the spot market price (FOB) of milled wheat with 12.5 percent protein produced in Russia was 8 dollars lower, 310 dollars/ton, compared to 313 dollars/ton in February. In Romania and Bulgaria, the crop with immediate delivery was sold for $325/ton at the same time. In Hungary, according to AKI PÁIR data, edible ...
Source: Magro
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