IKAR in Mass Media

Russian wheat down with global benchmark, Ukraine grain deal

26 июля 2022 года

MOSCOW, July 25 (Reuters) - Russian wheat export prices fell last week after a decline in wheat prices in Chicago and the signing of a deal aimed at resumption of massive exports from Ukraine, analysts said on Monday.

Russia, Ukraine, the United Nations and Turkey signed the deal on Friday to reopen three Ukrainian Black Sea ports for grain exports. The deal is valid for 120 days and targets monthly exports of 5 million tonnes.

Russian prices for wheat with 12.5% protein content and for supply from Black Sea ports fell by $5 to $355 a tonne free on board (FOB) at the end of last week, the IKAR agriculture consultancy said in a note.

Russia exported 540,000 tonnes of grain last week, compared with 500,000 tonnes the previous week, said fellow consultancy Sovecon, citing port data.

Wheat prices for imminent supply were at $350-355 per tonne vs $355-360 a week before, 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       13,025 rbls/t            -250 rbls
 wheat, European part           ($225.54)  
 of Russia, excludes                       
 delivery (Sovecon)                        
 - Sunflower seeds          25,600 rbls/t            -650 rbls
 (Sovecon)                                 
 - Domestic sunflower       73,175 rbls/t            -825 rbls
 oil (Sovecon)                             
 - Domestic soybeans        34,400 rbls/t            -525 rbls
 (Sovecon)                                 
 - Export sunflower              $1,380/t                 -$20
 oil (Sovecon)                             
 - Export sunflower              $1,250/t                 -$60
 oil (IKAR)                                
 - White sugar,                  $1,080/t                -$9.9
 Russia's south                            
 (IKAR)                                    
    The harvesting data provided by Sovecon as of July 21*:
                      All grains:          Wheat        Barley
 Crop, mln tonnes            32.6           27.6           3.9
 Crop, as of same            34.9           26.8           4.8
 date in 2021                                     
 Yield,                       4.2            4.4           4.3
 tonnes/hectare                                   
 Yield, as of same            3.4            3.5           3.5
 date in 2021                                     
 Harvested area,              7.8            6.3           0.9
 mln hectares                                     
 Harvested area, as          10.4            7.7           1.4
 of same date in                                  
 2021                                             
                                                  
    * Russia's agriculture ministry has yet to publish
harvesting data in detail for the current season.
($1 = 57.7500 roubles)

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

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