Russian grain prices stable or down, exports large
10 сентября 2009 года
MOSCOW, Aug 10 (Reuters) - Average Russian grain prices were little changed last week from the week before, or were slightly down, while export volumes were high, analysts said on Monday.
Ordinary milling wheat prices were stable, ranging between $172 and $176 per tonne and barley prices were around $140, both FOB Novorossiisk, the Institute for Agricultural Market Studies (IKAR) said.
It said ordinary wheat prices at Azov Sea shallow water ports were around $160 per tonne, and feed barley around $125-130 per tonne.
Export volumes remained strong with exporters fulfilling previously signed contracts. IKAR estimated Russia's July exports at more than 1 million tonnes of grain, including around 650,000 tonnes of wheat and 350,000 tonnes of barley.
SovEcon agricultural analysts said that in the North Caucasus, Russia's main export-oriented grain-growing region, a correction of prices had started, which resulted from lower competitiveness of Russian wheat on international markets.
Last week a number of companies lowered bid prices for fourth-grade wheat to 4,700 roubles ($149) per tonne CPT Novorossiisk from 4,900 roubles at the start of the week and 5,000-5,000 roubles a week before, SovEcon said.
It estimated milling wheat prices with protein content of 11.5 percent at $170-$180 per tonne, FOB Novorossiisk.
IKAR said that an unusually wide variety of wheat was traded last week with contracts varying from feed wheat to milling wheat with protein content of up to 13.5 percent.
Offer prices in North Caucasus were stable last week, SovEcon said. In the whole of the European part of Russia, most prices were largely unchanged. Only third-grade milling wheat lost 100 roubles per tonne, it said IKAR has lowered its ex-silo price index for fourth-grade ordinary milling wheat in southern Russia to 4,000 roubles from 4,200 roubles.
It has lowered its Central Black Soil (CBS) price index on weak domestic demand to 3,900 roubles from 4,300 roubles for third-grade wheat, to 3,700 roubles from 4,000 roubles for fourth-grade wheat, to 2,750 roubles from 2,850 roubles for feed wheat and to 2,200 roubles from 2,300 roubles for feed barley.
IKAR said crude sunoil export prices rose last week to $740 per tonne following international prices, and domestic prices to 24,600 roubles per tonne, while SovEcon saw them little changed.
SovEcon said average sunseed prices lost 200 roubles on low demand from processors.
IKAR said bid prices for new crop winter rapeseeds rose to 7,800-8,300 roubles per tonne.
Russian white sugar prices rose to $779 per tonne from $765 in dollar terms, but in rouble terms they declined due to the rouble strengthening against the dollar, IKAR said.
IKAR does not expect a significant seasonal decline of prices with the start of the sugar beet processing campaign, as prices of sugar refined from raws are rather high.
Feedstuffs & Ingredients
IKAR in Mass Media
Exhibitions & Events
Work in agriculture
© 2002—2023 IKAR. Institute for Agricultural Market Studies
24, Ryazansky str., off. 604, Moscow, Russia
Tel: +7 (495) 232-9007 firstname.lastname@example.org