CIF Marmara wheat prices surge to Dec 2023 highs amid Middle East war, soaring freight

CIF Marmara wheat prices have surged to December 2023 highs amid the Middle East war, but traders are now closely monitoring declining freight rates as buyers push for lower prices. Platts, part of S&P Global Energy, assessed CIF Marmara 12.5% protein wheat at $256/metric ton on April 15, a $17.50/mt premium to the Platts Milling Wheat Marker. Price pressure remained driven by logistics andCIF Marmara wheat prices have surged to December 2023 highs amid the Middle East war, but traders are now closely monitoring declining freight rates as buyers push for lower prices. Platts, part of S&P Global Energy, assessed CIF Marmara 12.5% protein wheat at $256/metric ton on April 15, a $17.50/mt premium to the Platts Milling Wheat Marker. Price pressure remained driven by logistics andRead More