Russia grain export prices stable, domestic down
18 марта 2010 года
MOSCOW, March 9 (Reuters) - Russian grain export prices were largely unchanged last week, while domestic prices slid in line with a decline in global prices, while exports slowed, analysts said on Monday.
Ordinary milling wheat with 11.5 percent protein and bug damage of 1 percent was estimated at $169 per tonne, 2 percent and below damage at $164-$165, both FOB Black Sea, the Institute for Agricultural Market Studies (IKAR) said in a note.
It estimated feed barley prices at $130-$135 per tonne.
SovEcon agricultural analysts said in their weekly note traders expected ordinary wheat prices to decline further to $160 per tonne FOB Novorossiisk.
It said exporters bid prices for fourth-grade (ordinary) milling wheat were in the region of 4,700-4,900 roubles per tonne ($158.3-$165) including delivery (CPT) to Novorossiisk, unchanged from a week before.
But in shallow water ports prices declined to 4,000-4,300 roubles per tonne from recent 4,100-4,300 per tonne, SovEcon said.
It said most domestic prices declined last week with the third-grade wheat the main loser after offer prices fell 100 roubles in the European part of Russia and reached 3,900 roubles per tonne. Only maize remained unchanged at 5,000 roubles.
SovEcon expect the downward trend on the grain market to continue as world prices keep declining while domestic producers need funding for the spring sowing campaign and the number of farmers' offering to sell cereals is rising.
Grain exports between the start of the 2009/10 crop year are preliminarily estimated at 14.19 million tonnes by the end of February, down from 14.73 million a year ago, IKAR said.
Exports are gradually slowing down and are falling below last year's record highs. February exports are estimated at 1.06 million tonnes, compared to 1.37 a year ago, it said.
Sunseed purchase prices declined to $420 from $422 per tonne, while crude sunoil domestic prices declined to $879 from $881 per tonne, IKAR said.
SovEcon said sunoil offer prices declined by 500 roubles to $26,825 roubles per tonne due to large offers and low export prices of $870 per tonne. However, some crushers have started raising offer prices for sunseeds.
It said some crushers may halt output as processing seeds in the current price situation may bring losses to some of them.
IKAR said soybean oil and soybean meal prices have declined to $838 per tonne from $849 and to $570 per tonne from $600, respectively.
Rapeseed oil prices declined in line with sunoil prices and one processor cut its price to $825 per tonne from about $890, IKAR said.
Sugar prices declined to 26,500 per tonne from 27,500 a week before or to $889 from $915, following a decline in prices in the United States, IKAR said.
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 email@example.com