IKAR in Mass Media

Russian export prices for wheat rise due to delays at customs

21 декабря 2020 года

* Grain exporters complain of delays at Russian customs
* Russia will impose export tariffs for soybeans
* IKAR cuts forecast for Russia's 2020/21 wheat exports

MOSCOW, Dec 21 (Reuters) - Russian wheat export prices rose last week as traders reported delays in obtaining export documents from Russia's customs service and following an earlier rally in global wheat markets, analysts said on Monday.

Russia, one of the world's largest wheat exporters, is trying to stabilise food prices with a grain export quota and a wheat export tax from Feb. 15 to June 30.

Russian wheat with 12.5% protein loading from Black Sea ports for supply in January was at $257 a tonne on a free-on-board (FOB) basis at the end of last week, up $5 the week before, the IKAR agriculture consultancy said in a note.

Sovecon said wheat and barley export prices rose by $2 to $259 a tonne and $218 a tonne, respectively.

IKAR added that wheat for supply in February was quoted at $260 per tonne. IKAR also downgraded its forecast for Russia's 2020/21 wheat exports earlier on Monday.

Russia will also impose tariffs on the export of soybeans to ensure domestic firms have sufficient raw material, its economy ministry said on Saturday.

Most of Russian winter wheat sowing regions remain dry, which means higher risks of damage to their sowings during the winter, Sovecon said. There is also cold weather in the Volga region, but risks for sowings are limited so far, it added.

Other Russian data provided by Sovecon and IKAR:

 Product:            Price at the end       Change from week
                        of last week:                earlier
 - Domestic 3rd      15,100 roubles/t              -625 rbls
 class wheat,                ($201.9)  
 European part of                      
 Russia, excludes                      
 delivery                              
 (Sovecon)                             
 - Sunflower seeds      35,250 rbls/t            -4,075 rbls
 (Sovecon)                             
 - Domestic             84,825 rbls/t            -4,525 rbls
 sunflower oil                         
 (Sovecon)                             
 - export                    $1,140/t                   +$50
 sunflower oil                         
 (Sovecon)                             
 - export                    $1,160/t                   +$55
 sunflower oil                         
 (IKAR)                                
 - Soybeans             38,200 rbls/t            -2,500 rbls
 (Sovecon)                             
 - white sugar,                $507/t                 -$35.7
 Russia's south                        
 (IKAR)                                
 ($1 = 74.7800 roubles)

Source: Reuters | #grain | Comments: 0 Views: 31

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