IKAR in Mass Media

Russian wheat prices stable, exports declining

15 июня 2022 года

June 14 (Reuters) - Russian wheat export prices were broadly flat last week, while exports declined, analysts said on Tuesday.

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

The consultancy said on Friday that it sees Russia's 2022 wheat crop at 87 million tonnes, up from the 85 million tonnes it forecast on May 18. IKAR placed Russia's export potential at 41 million tonnes, compared to 39 million tonnes previously.

Russia exported 340,000 tonnes of grains last week compared with 620,000 tonnes a week earlier, another consultancy, Sovecon, said, citing data from ports.

Spring grains were planted on 28.5 million hectares as of June 9 vs 29.2 million hectares a year ago, the consultancy added.

Other Russian data provided by Sovecon and IKAR:

 Product:                Price at the end     Change from week
                            of last week:              earlier
 - Domestic 3rd class       14,975 rbls/t            -100 rbls
 wheat, European part           ($262.72)  
 of Russia, excludes                       
 delivery (Sovecon)                        
 - Sunflower seeds          32,700 rbls/t          -1,000 rbls
 (Sovecon)                                 
 - Domestic sunflower       93,675 rbls/t          -3,825 rbls
 oil (Sovecon)                             
 - Domestic soybeans        43,500 rbls/t            -900 rbls
 (Sovecon)                                 
 - Export sunflower              $1,820/t                 -$40
 oil (Sovecon)                             
 - Export sunflower              $1,650/t                -$100
 oil (IKAR)                                
 - White sugar,                  $933.4/t                -$0.3
 Russia's south                            
 (IKAR)                                    
 
($1 = 57.0000 roubles)

Source: Reuters | #grain | Comments: 0 Views: 4

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