Philipines Buys Ukraine Wheat

The Philipines have announced the purchase of 40,000MT of Ukraine feed wheat at $180/tonne C&F for January shipment. That's around £110/tonne delivered on a boat to the Philipines. That kind of explains why the UK aren't picking up many export orders at the moment.

Incidentally, that is also a whopping $40/tonne cheaper than the Philipines paid Ukraine for a similar parcel for December shipment just a week ago!