Russian wheat export prices down with global benchmarks
06 декабря 2022 года
MOSCOW, Dec 5 (Reuters) - Russian wheat export prices fell slightly last week following a decline in wheat in Chicago Wv1 and Paris BL2H3 amid a record harvest in Russia and active supplies from the Black Sea, analysts said on Monday.
Prices for Russian wheat with 12.5% protein content and for supply from Black Sea ports in late December-early January were at $315 a tonne free on board (FOB) on Friday evening, down $2 from a week earlier, the IKAR agriculture consultancy said in a note.
Russia continues to export wheat relatively fast for this time of the season with 1 million tonnes of grain exported last week, another consultancy Sovecon said, citing port data.
Wheat prices for immediate delivery fell by $1 to $314-318 per tonne, it added.
Russia's agriculture ministry has already bought 2.21 million tonnes of grain from the domestic market for the state stockpile in the current July-June season, Sovecon added. The ministry plans to buy up to 3 million tonnes this season.
Farmers have planted winter grains on 17.7 million hectares, compared with 18.4 million hectares around the same date a year earlier, the consultancy said.
The weather conditions remain good for winter wheat in the Volga and the central regions of Russia, Sovecon said, adding that it is dryer than normal in the southern region, a major wheat producer.
Other Russian data provided by Sovecon and IKAR:
- Domestic 3rd class wheat, European part of Russia, excludes delivery (Sovecon)
- Sunflower seeds (Sovecon)
- Domestic sunflower oil (Sovecon)
- Domestic soybeans (Sovecon)
- Export sunflower oil (Sovecon)
- Export sunflower oil (IKAR)
- White sugar, Russia's south (IKAR)
Harvesting data provided by Sovecon as of Dec. 1:
* 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.
Feedstuffs & Ingredients
IKAR in Mass Media
Exhibitions & Events
Work in agriculture
© 2002—2023 IKAR. Institute for Agricultural Market Studies
24, Ryazansky str., off. 604, Moscow, Russia
Tel: +7 (495) 232-9007 firstname.lastname@example.org