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Grain in the Black Sea region fell sharply

Зерно в Черноморском регионе резко подешевело
This news article has been translated to English.
Grain & Cereals
Price Trend
Regulation / Agreement
Supply Yield / Stock Quantity
Nov 29, 2021
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On world exchanges, grain prices fell on Friday amid concerns over the new COVID-19 Omicron strain. Cereals in the Black Sea region fell behind the European and American markets. This was reported by analysts at Agritel. Against the backdrop of a sharp drop in prices, Egypt announced a tender for the purchase of wheat from 9 to 20 January. Jordan buys 120 thousand tons of feed barley. Export duty on wheat in Russia rose to $ 80.8 / t. How competitively Russian grain with such a tariff will be shown by today's Egyptian tender. In Europe, grain prices are very volatile due to the new Omicron strain. “What is the impact of this new strain on the market? We will have to wait about 15 days before we know more about the consequences, ”analysts write. Prices are also supported by the situation in Australia. The country is still worried about the quality of the wheat due to the rains during the harvest. Wheat quotes on Euronext hover around 300 € / t. “Euronext corn also fell on Friday ...
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