IKAR in Mass Media

Russian wheat export prices slip as demand weakens

06 апреля 2021 года

MOSCOW, April 5 (Reuters) - Russian wheat export prices fell last week, extending their fall to a fifth consecutive week, due to weak demand, analysts said on Monday.

Russian wheat with 12.5% protein loading from Black Sea ports for supply in April was at $245 a tonne free on board (FOB) at the end of last week, down $12 from the previous week, agriculture consultancy IKAR said.

Sovecon, another consultancy, said wheat and barley prices fell by $5 to $248 a tonne and $235 a tonne, respectively.

The weather remains favourable for the upcoming 2021 wheat crop with rains expected in several regions this week, Sovecon said.

Following is a summary of other Russian data provided by Sovecon and IKAR:

 Product:             Price at the end       Change from week
                         of last week:                earlier
 - Domestic 3rd       13,625 roubles/t               -75 rbls
 class wheat,                ($177.80)  
 European part of                       
 Russia, excludes                       
 delivery (Sovecon)                     
 - Sunflower seeds       53,425 rbls/t              +600 rbls
 (Sovecon)                              
 - Domestic             118,175 rbls/t              unchanged
 sunflower oil                          
 (Sovecon)                              
 - export sunflower           $1,495/t                   -$45
 oil (Sovecon)                          
 - export sunflower           $1,465/t                   -$53
 oil (IKAR)                             
 - Soybeans              48,700 rbls/t              unchanged
 (Sovecon)                              
 - white sugar,                 $600/t                  +$6.8
 Russia's south                         
 (IKAR)                                 
 ($1 = 76.6313 roubles)

Source: Reuters | #grain | Comments: 0 Views: 22

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