Exporters' activity supports Russian grain prices
13 января 2010 года
MOSCOW, Dec 7 (Reuters) - Active Russian grain purchases by exporters provided support to grain prices, with support most pronounced in the south of the country, analysts said on Monday.
Exporters offered to buy fourth-grade (ordinary) wheat at 5,000-5,150 roubles ($171-$176.1) per tonne CPT (including delivery to) in Novorossiisk, up from 4,900-5,000 roubles a week before, SovEcon Agricultural analysts said in a weekly note.
Price with delivery to shallow water ports was 4,500-4,600 roubles, it said. Producers offered fourth-grade wheat in the European part of Russia at 3,950 roubles per tonne on the average, up 50 roubles from the previous week, feed wheat at 2,900 roubles, up 25 roubles and maize at 4,425 roubles, up 100 roubles, it said.
SovEcon said it does not expect significant price changes in most parts of Russia in the nearest future, but prices could rise in North Caucasus if exporters need to honour urgent contracts or Russian rouble value declines.
The Institute for Agricultural Market Studies (IKAR) said forward contracts for ordinary wheat with 1 percent bug damage were valued at $199 per tonne, FOB Novorossiisk, $2 higher up from the previous week.
The same category wheat with higher bug damage was valued at $187-$189 per tonne, unchanged from the previous week, it said.
IKAR said that November grain exports could have exceeded export volumes in the same months last year, but it did not provide tonnages.
It said it estimated exports from the start of the 2009/10 crop year in July to the start of December at around 9.9 million, down from 10.2 million in the same period a year ago.
Foreign trade estimates demonstrate unexpectedly high trade volumes of export, so that relevant figure exceeded November 2008.
Oilseed and vegetable oil prices strengthened last week, analysts said.
Offer prices for sunseeds rose by 850 roubles per tonne to 11,075 and for crude sunoil by 1,000 roubles to 26,675 roubles, SovEcon said.
Sunoil rose to $925 per tonne from $884, rapeseed $890 from $856, soybean oil to $719 from $702. IKAR said.
Sunseed purchase prices increased to $390 per tonne from $376 a week before, soybeans to $503 from $472, spring rapeseeds to $342 from $325 per tonne, IKAR said.
Sugar prices rose to $821 from $815 last week in Krasnodar but rouble prices declined slightly to 24,200 from 24,300 per tonne, it said.
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