IKAR in Mass Media

Russian wheat down with extension of the Black Sea export deal

23 ноября 2022 года

MOSCOW, Nov 21 (Reuters) - Russian wheat prices fell last week amid an extension of the Black Sea deal allowing Ukrainian grain shipments, analysts said on Monday.

Prices for Russian wheat with 12.5% protein content and for supply from Black Sea ports in December were at $314 a tonne free on board (FOB) on Friday evening, down $3.5 from a week earlier, the IKAR agriculture consultancy said in a note.

Russia's grain exports at 1.03 million tonnes last week were unchanged from the previous week, another consultancy, Sovecon said, citing port data.

Russia's agriculture ministry has already bought 1.74 million tonnes of grain from the domestic market for the state stockpile in the current July-June season, Sovecon added.

Farmers have planted winter grains on 17.6 million hectares, compared with 18.3 million hectares around the same date a year earlier, the consultancy said. Weather conditions remain friendly for winter wheat, it added.

Other Russian data provided by Sovecon and IKAR:

 Product:                Price at the end     Change from week
                            of last week:              earlier
 - Domestic 3rd class       12,700 rbls/t            -125 rbls
 wheat, European part                      
 of Russia, excludes                       
 delivery (Sovecon)                        
 - Sunflower seeds          21,550 rbls/t            +500 rbls
 (Sovecon)                                 
 - Domestic sunflower       73,750 rbls/t            unchanged
 oil (Sovecon)                             
 - Domestic soybeans        30,375 rbls/t             +75 rbls
 (Sovecon)                                 
 - Export sunflower              $1,260/t                 -$40
 oil (Sovecon)                             
 - Export sunflower              $1,200/t                 -$50
 oil (IKAR)                                
 - White sugar,                  $758.4/t                  -$9
 Russia's south                            
 (IKAR)

Harvesting data provided by Sovecon as of Nov. 17:

                    All grains:   Wheat  Barley  Corn  Sunseeds
 Crop, mln tonnes         154.0   105.2    24.5   9.3      12.8
 Crop, as of same         124.0    78.5    18.9  14.2      15.2
 date in 2021                                          
 Yield,                    3.38    3.60    3.09  5.88      1.80
 tonnes/hectare                                        
 Yield, as of same         2.75    2.82    2.40  5.45      1.60
 date in 2021                                          
 Harvested area,           45.6    29.2     7.9   1.6       7.1
 mln hectares                                          
 Harvested area,           45.0    27.8     7.9   2.6       9.5
 as of same date                                       
 in 2021

* Russia's agriculture ministry has yet to publish detailed harvesting data 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: 4

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