IKAR in Mass Media

Russian wheat steady as winter sowing accelerates, Ukraine exports continue

03 октября 2022 года

MOSCOW, Oct 3 (Reuters) - Russian wheat prices were steady last week amid improving weather for winter grains sowing and the continuing Ukraine grain export deal despite an escalation of the Russia-Ukraine conflict.

Russian prices for wheat with 12.5% protein content and for supply from Black Sea ports were stable at $325 per tonne free on board (FOB) at the end of last week, the IKAR agriculture consultancy said in a note on Monday.

Russia kept grain exports steady at 870,000 tonnes last week, fellow consultancy Sovecon said, citing port data.

Sovecon also said it had raised its forecast for Russia's 2022/23 July-June exports by 300,000 tonnes to 43.4 million tonnes of wheat.

It kept its estimate for barley and corn exports unchanged - at 6.0 million tonnes and 4.8 million tonnes, respectively.

Other Russian data provided by Sovecon and IKAR:

 Product:                Price at the end     Change from week
                            of last week:              earlier
 - Domestic 3rd class       12,550 rbls/t            -100 rbls
 wheat, European part                      
 of Russia, excludes                       
 delivery (Sovecon)                        
 - Sunflower seeds          22,500 rbls/t            -725 rbls
 (Sovecon)                                 
 - Domestic sunflower       73,325 rbls/t          -2,350 rbls
 oil (Sovecon)                             
 - Domestic soybeans        31,675 rbls/t            -725 rbls
 (Sovecon)                                 
 - Export sunflower              $1,220/t                 -$10
 oil (Sovecon)                             
 - Export sunflower              $1,080/t                 -$55
 oil (IKAR)                                
 - White sugar,                  $949.3/t              +$113.6
 Russia's south                            
 (IKAR)

Harvesting data provided by Sovecon as of Sept 29:

                    All grains:   Wheat  Barley  Corn  Sunseeds
 Crop, mln tonnes         141.1   101.8    23.9   1.9       2.6
 Crop, as of same         106.0    74.4    18.2   2.8       4.9
 date in 2021                                          
 Yield,                    3.32    3.61    3.09  5.79      2.02
 tonnes/hectare                                        
 Yield, as of same         2.62    2.82    2.38  4.67      1.59
 date in 2021                                          
 Harvested area,           42.5    28.2     7.7   0.3       1.3
 mln hectares                                          
 Harvested area,           40.5    26.4     7.6   0.6       3.1
 as of same date                                       
 in 2021

* Russia's agriculture ministry has yet to publish harvesting data in detail for the current season.

** The harvesting data is by bunker weight, i.e. before drying and cleaning of the crop.

Source: Reuters | #grain | Comments: 0 Views: 7

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