IKAR in Mass Media

Russian grain export prices fall, domestic rise

13 января 2010 года

MOSCOW, Dec 21 (Reuters) - Russian grain export prices declined last week as weather disrupted shipments, while domestic prices, particularly of feed grain, rose in some regions located farther from ports, analysts said on Monday.

Bad weather in the south of Russia has practically halted export activities at the Azov Sea ports and caused substantial delays of exports from the Black Sea ports, the Institute for Agricultural Market Studies (IKAR) said.

It said the price of ordinary milling wheat with bug damage of 1 percent declined to an estimated $192 per tonne from $194. The same cereal with bug damage of 1.5 percent declined to an estimated $185 per tonne from $187 per tonne a week before.

Feed barley remained unchanged at $130 per tonne and maize at $175 at Azov sea ports, IKAR said.

SovEcon agricultural analysts said that some exporters had suspended purchases and some lowered purchase prices.

It said fourth-grade (ordinary) wheat prices declined to 4,900-5,100 roubles ($160.3-$166.9) per tonne including delivery to Novorossiisk (CPT).

SovEcon said domestic prices have risen in some regions other than those closer to ports, like the Central Black Soil region.

Average feed maize prices rose by 175 roubles last week to 4,650 roubles per tonne and feed barley by 75 roubles to 2,375 roubles per tonne. Fourth-grade milling wheat also rose by 75 roubles to 4,050 roubles per tonne.

Traders have started seeking barley deeper into European Russia as its exportable resources in the south of the country have been practically exhausted, IKAR said.

IKAR estimated Russian grain exports from July to the middle of December at 10.7 million tonnes, down from 11.2 million tonnes in the same period a year ago.

Crude sunoil export prices declined slightly to $890-$900 per tonne in Novorossiisk, IKAR said.

But domestic sunseed purchase prices rose to $417 from $401 per tonne a week before as domestic crude oil prices rose in an attempt to catch up with export ones.

Processors kept raising domestic prices last week, but the ratio between sunoil and sunseed prices of 2.3 and in some regions of 2.2 indicates that most processors will no longer be able to do that in the future, SovEcon said.

It said sunseed prices rose by $900 roubles on the average to 12,575 roubles per tonne, while sunoil prices added 825 roubles to 29,000 roubles.

Soybean prices in the south of Russia have also risen to $509 per tonne from $490 a week before, while soybean oil prices have increased to $805 per tonne from $784, IKAR said.

Source: Reuters | #grain | Comments: 0 Views: 36

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