Monday, 16 August 2010

Wheat prices

My mate sold a load of wheat last week for 1,500UAH (122GBP) and another mate sold some for 1,400UAH (114GBP). I did hear an unsubstantiated rumour of some going for 1,700UAH (138GBP).

Having said all that, right at this moment no one is buying any bread making grade wheat at all.

Buyers are unsure if they can export the stuff and are looking for a steer from the government (ha! see previous post) and I suspect some are waiting for a drop/collapse in the price. Which in my opinion isn’t likely to happen any time soon.