Ukraine wheat export price gains continue

KYIV, Jan 14 (Reuters) - Ukrainian milling wheat export prices have continued to rally this week, supported by an upward trend on the Russian market and a decrease in expected global wheat output, analyst APK-Inform said on Thursday.

Bid-ask prices for 12.5% protein soft milling wheat added $4-$6 a tonne on Wednesday, reaching $280-$287 FOB Black Sea. Prices for 11.5% protein wheat also rose by $4-$6 to $278-$285 as of Jan. 13, the consultancy said in a report.

The consultancy last week said that Ukrainian milling wheat export asking prices hit a six-year high at $268 a tonne FOB Black Sea on high demand from exporters and a significant rise Russian grain prices.

Ukraine, among the world's major wheat growers and exporters, plans to export 17.5 million tonnes in the 2020/21 July-June season. It had exported 12.51 million tonnes of wheat as of Jan. 6. (Reporting by Pavel Polityuk Editing by David Goodman )

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