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IKAR in Mass Media

Russian grains prices rise, led by milling rye

30 ноября 2010 года

MOSCOW, Nov 22 (Reuters) - Russian grain prices continued rising last week led by milling rye on supply shortages, while feed barley prices set a new record and maize prices reached levels close to records, analysts said on Monday.

Milling rye offer prices rose by 250 roubles ($8.04) to 5,850 roubles per tonne EXW European Russia, maize by 200 roubles to 8,000 roubles per tonne, feed barley prices added 125 roubles to a new record of 7,325 roubles per tonne, SovEcon agricultural analysts said in their weekly note.

The previous barley price record of 7,200 roubles per tonne was set in April 2008. Other grains rose by 125-175 roubles per tonne, SovEcon said.

Dollar prices for grains slightly declined by around $2 per tonne due to a change in the dollar exchange rate, the Institute for Agricultural Market Studies (IKAR) said in its note.

In the south of Russia prices exceeded pre-export-ban levels with fourth-grade wheat reaching 6,000 roubles per tonne and third-grade milling wheat rose to 6,200 roubles, it said.

In some parts of European Russia, flour mills were ready to pay higher prices for large grain volumes, but such volumes were difficult to find on the market, IKAR said.

In Western Siberia, prices rose notably both in dollar and rouble terms due to a sharp increase of demand.

Traders are expecting the lifting of the ban on flour exports and are ready to pay premiums for grain originating from regions not affected by an outbreak of African Swine Fever, IKAR said.

In Altai region, third-grade wheat increased by $16 to $224 per tonne, fourth-grade by $21 to $183 per tonne, feed wheat by $22 also reaching $183 per tonne, it said.

SUSEEDS, SUNOIL ON THE RISE

Sunseed market kept rising slowly, SovEcon said. Sunseed prices rose by 150 roubles to 20,825 per tonne EXW. Crushers started raising bid prices again to 21,000-21,500 roubles per tonne including delivery.

Some crushers pay more for large volumes.

"The prices did not rise more due to rising seasonal supply from producers, who prefer selling more expensive sunseeds and keep grain," SovEcon said.

Sunseed prices rose to $669 per tonne from $642 although the market activity was rather weak.

Crushers raised crude sunoil prices by 1,425 to 47,750 per tonne, SovEcon said, adding that prices could rise further.

IKAR said crude sunoil price rose to $1,528 per tonne from $1,519 and the rise was contained by weakened international prices and competition from Ukrainian sunoil.

Sugar market volatility remained very high last week, but by Friday, prices declined both in dollar and rouble terms to $1,009 from $1066 and 31,500 roubles from 32,800 per tonne in Krasnodar.

Source: Reuters  |  #grain   |  Comments: 0   Views: 44

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