Volatility in Black Sea wheat prices has continued in recent days due to the ongoing tensions in the region, with export prices of wheat from Ukraine and Russia both having risen, traders said. According to S&P Global Platts assessments, on Feb. 22 prices of 12.5% protein Russian wheat were at $312/mt, while 11.5% protein Ukrainian .
The expansion of cooperation between the Food Safety Agency of Azerbaijan (FSAA) and the Russian Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) seems to be yielding positive results.
Russia exported 23.6 million mt wheat between July 1 and Jan. 27 during the marketing year 2021-22 (July-June), down 21% year on year, while export prices declined $2 week on week, data from the Russian Federal Service for Veterinary and Phytosanitary Surveillance showed Jan. 31. Turkey purchased 4.6 million mt of Russian wheat during the .
The momentum of Russia’s wheat exports during marketing year 2021-22 (July-June) was slow, however, export prices have increased slightly after a sharp fall in the weeks before. Between July 1, 2021, and Jan. 20, Russia exported 23 million mt wheat, down 21% year on year, according to the Russian Federal Service for Veterinary and Phytosanitary .