IKAR in Mass Media

Russian wheat prices rise with active exports

08 июня 2022 года

June 6 (Reuters) - Russian wheat export prices rose last week amid active supplies from the country's Black Sea ports, analysts said on Monday.

Prices for wheat with 12.5% protein content and for supply from Black Sea ports in June rose $15 to $425 free on board (FOB) at the end of last week, the IKAR agriculture consultancy said.

Russia exported 620,000 tonnes of grains last week compared with 360,000 tonnes a week earlier, another consultancy, Sovecon, said, citing data from ports.

The consultancy said on Friday that it had raised its forecast for Russia's wheat exports in the new July-June marketing season by 1.3 million tonnes to a record high of 42.3 million tonnes.

Spring grains were planted on 26.8 million hectares as of June 2 vs 28.4 million hectares a year ago as the planting campaign is still delayed in the European part of Russia, 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       15,075 rbls/t             -50 rbls
 wheat, European part           ($247.74)  
 of Russia, excludes                       
 delivery (Sovecon)                        
 - Sunflower seeds          33,700 rbls/t          -1,050 rbls
 (Sovecon)                                 
 - Domestic sunflower       97,500 rbls/t          -3,000 rbls
 oil (Sovecon)                             
 - Domestic soybeans        44,400 rbls/t          -1,300 rbls
 (Sovecon)                                 
 - Export sunflower              $1,860/t                 -$60
 oil (Sovecon)                             
 - Export sunflower              $1,750/t                -$100
 oil (IKAR)                                
 - White sugar,                  $933.7/t               -$33.3
 Russia's south                            
 (IKAR)                                    
 
($1 = 60.8500 roubles)

Source: Reuters | #grain | Comments: 0 Views: 6

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