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Figure 13: Correlation of EXW wheat, flour and bran prices in Ukraine<br />

450<br />

350<br />

<strong>Wheat</strong>-wheat flour<br />

corellation coeficient<br />

R= 0.92<br />

250<br />

150<br />

50<br />

<strong>Wheat</strong>-wheat barn<br />

corellation coeficient<br />

R= 0.85<br />

-50<br />

Jul. 2005<br />

Aug. 2005<br />

Oct. 2005<br />

Dic. 2005<br />

Feb. 2006<br />

Apr. 2006<br />

Jun. 2006<br />

Jul. 2006<br />

Sep. 2006<br />

Nov. 2006<br />

Jan. 2007<br />

Mar. 2007<br />

May 2007<br />

Jun. 2007<br />

Aug. 2007<br />

Oct. 2007<br />

Dic. 2007<br />

Feb. 2008<br />

Apr. 2008<br />

May 2008<br />

Jul. 2008<br />

Jul. 2008<br />

Nov. 2008<br />

Jan. 2009<br />

Mar. 2009<br />

May 2009<br />

Jun. 2009<br />

<strong>Flour</strong>,prime grade, USD/MT Bran, USD/MT <strong>Wheat</strong>, 4 th class, USD/MT<br />

Source: Based on APK-Inform prices data<br />

33

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