Ukraine Gate- Kyiv – April 27, 2022- Wheat quotations showed active growth on the back of the deterioration of winter wheat crops in the US, as the July futures contract for US wheat rose by 0.22 US dollars to 10.95 dollars, and the price of European wheat is 374.0 euros / ton, respectively, and also rose by 7.5 euros / ton The July contract for Black Sea Wheat (BWFK2) amounted to $362.5 per ton, and the price of Black Sea wheat also increased by $4.25 per ton.
According to Statistics Canada, there are indications that the area planted with wheat in the country will grow by 7.2% this year, and the area planted with new season wheat in Argentina will decrease by 200 thousand hectares and will reach 6.5 million hectares.
Turkey has announced a tender for the purchase of 480 thousand tons of wheat.
Analysts point out that the Russian bombing, which destroyed the transport infrastructure, made it very difficult to supply goods to the Ukrainian Danube ports, which saw the best wheat prices.
It should be noted that European mills are ready to pay $360-400 per ton for Ukrainian food wheat.
