SINGAPORE: Prices of Australian wheat being offered in Asia extended gains this week, with rising freight rates lifting the cost of grain for importers, two traders said on Friday.

• Australian Premium White wheat was quoted around $318-$320 a tonne, including cost and freight (C&F), to Southeast Asia, up from $310 a few weeks ago.

• "The freight market is rising so rapidly that prices have risen," said one of the traders.

• Australian standard wheat is being offered at $314 a tonne, C&F, while Australian hard wheat is around $325 a tonne.

• Black Sea new-crop wheat is being quoted at $280 a tonne for August shipment. Reuters