IKAR in Mass Media

Russian wheat export prices rise with global benchmarks

27 апреля 2021 года

MOSCOW, April 26 (Reuters) - Russian wheat export prices rose for a third week in a row last week, buoyed by higher prices in Chicago and Paris on supply concerns, analysts said on Monday.

Russian wheat with 12.5% protein loading from Black Sea ports for supply in May was at $265 a tonne free on board (FOB) at the end of last week, up $17 from the previous week, IKAR agriculture consultancy said.

Sovecon, another consultancy, said that both wheat and barley prices rose by $6 to $253 and $239 a tonne respectively.

The weather remains favourable for Russia's upcoming wheat crop in general, Sovecon said.

However, farmers in some of Russia's central regions will have to replant a substantial area with spring barley, wheat, corn or sunflower seeds because their winter wheat was damaged last winter, it added.

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       13,750 roubles/t              +150 rbls
 class wheat,                ($183.97)  
 European part of                       
 Russia, excludes                       
 delivery (Sovecon)                     
 - Sunflower seeds       52,700 rbls/t              -400 rbls
 (Sovecon)                              
 - Domestic             112,525 rbls/t              unchanged
 sunflower oil                          
 (Sovecon)                              
 - export sunflower           $1,560/t                   +$20
 oil (Sovecon)                          
 - export sunflower           $1,550/t                   +$25
 oil (IKAR)                             
 - Soybeans              48,800 rbls/t              unchanged
 (Sovecon)                              
 - white sugar,               $584.9/t                  +$6.9
 Russia's south                         
 (IKAR)                                 
 ($1 = 74.7400 roubles)

Source: Reuters | #grain | Comments: 0 Views: 8

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