# Russia: Wheat export prices fall for the first time

> Russian export wheat prices fell $1 to $207/t FOB for the first time since early September, according to IKAR, with SovEcon reporting a similar drop. Russian wheat was left out of Egypt's latest GASC tender, which analysts read as a sign prices were too high.

- Date: 2019-11-05 · published 2019-11-05T12:00:00.000Z
- Category: market · region Russia · magnitude low
- Page: https://feedsoft.ai/events/55920-russia-wheat-export-prices-fall-for-the-first-time
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower Russian export offers reduce the premium for Black Sea wheat, which eases global wheat prices after a period of firmness.

## Read by commodity

- WHEAT: bearish ▼

## Sources

- zmp.de: https://www.zmp.de/en/futures/news/newsticker-russia-wheat-export-prices-fall-first-time-beginning-september-2019-11-05

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.