With the exception of the American crop, the world market price of wheat continued to decrease

By: STA Date: 2024. 03. 05. 09:00

According to Tallage’s information in February, with the exception of the American crop, the world market price of wheat for the immediate delivery period between January 15 and February 9 continued to decrease.

(Photo: Pixabay)

In Germany, the price of mill wheat with a protein content of 12.5 percent (FOB Hamburg) fell by $10 to $267/ton. The immediate export (FOB) price of milling wheat arriving in Rouen was $6 lower at $233/ton at the same time. 11.5 percent protein mill wheat (FOB) produced in Russia was available for spot delivery at $222/t ($-10) and 12.5 percent protein at $229/t ($-13) on February 9 . In Romania and Bulgaria, the spot market price of mill wheat per ton was 230 dollars (-17 dollars). In the USA, the spot market price of soft red winter wheat (SRW) increased by $1 to $257/ton, and that of 11% protein hard red winter wheat (HRW) increased by $6 to $288/ton during the indicated period. In Argentina, the spot export price of the crop fell by $6 to $239/ton in early February (Tallage).

In Hungary, according to AKI PÁIR data, edible wheat was traded at an average producer price of HUF 67,000/tonne excluding VAT and transport costs in the fourth week of February

This price level is 32 percent below the previous year. Feed wheat traded for HUF 59.5 thousand/ton (-39 percent) at the same time. On the Chicago Mercantile Exchange (CME/CBOT), March wheat prices fluctuated between $206 and $215/ton between February 20 and March 1. At the same time, on the Paris Commodity Exchange (Euronext/MATIF), the crop was quoted in March between 183 and 208 euros/ton.

AKI PÁIR

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