IKAR in Mass Media

Russian wheat export prices stabilise, domestic demand weakens

12 апреля 2022 года

April 11 (Reuters) - Russian wheat export prices were stable last week amid a strengthening of the rouble against the dollar , higher global prices for wheat in Chicago and Paris as well as weaker demand at home, analysts said on Monday.

Russia, one of the world's largest wheat exporters, has managed to continue exporting through its Black Sea ports despite the Western sanctions imposed on Moscow over the Ukraine crisis that have complicated trade logistics and payments.

Prices for wheat with 12.5% protein content from the Black Sea ports were stable last week at $368 free on board (FOB), the IKAR agriculture consultancy said.

"Russia continues to ship wheat at an average pace," said Sovecon, another consultancy, adding wheat prices were assessed at $370-380 per tonne. Russia exported 400,000 tonnes of grains last week, compared with 560,000 tonnes a week earlier, it said.

Prices in the domestic market fell as demand from exporters declined amid higher export taxes and a stronger rouble, Sovecon said, adding that farmers' stocks were still high.

The weather continues to favour Russia's spring grain sowing. By April 1, spring grains were planted on 563,000 hectares, against 360,000 hectares a year earlier, Sovecon said.

Other Russian data provided by Sovecon and IKAR:

 Product:               Price at the end     Change from week
                           of last week:              earlier
 - Domestic 3rd class      16,725 rbls/t            -350 rbls
 wheat, European part          ($206.55)  
 of Russia, excludes                      
 delivery (Sovecon)                       
 - Sunflower seeds         46,500 rbls/t          -2,625 rbls
 (Sovecon)                                
 - Domestic sunflower     123,350 rbls/t          -5,000 rbls
 oil (Sovecon)                            
 - Export sunflower             $1,830/t                 -$20
 oil (IKAR)                               
 - Soybeans (Sovecon)      52,300 rbls/t            -800 rbls
 - White sugar,                 $898.4/t                 +$53
 Russia's south                           
 (IKAR)                                   
 ($1 = 80.9750 roubles)

Source: Reuters | #grain | Comments: 0 Views: 11

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