IKAR in Mass Media

Russian wheat prices flat last week amid sluggish trade

12 мая 2025 года

MOSCOW, May 12 (Reuters) - Russian wheat export prices were unchanged last week amid low market activity, analysts said.

The price for Russian wheat with 12.5% protein content for free-on-board (FOB) delivery in early April remained at $247 per metric, as the week before, said Dmitry Rylko, head of the IKAR consultancy.

"The market is very sluggish", he said.

Russia had a three-day working week last week due to public holidays.

IKAR and Rusagrotrans rail carrier estimated April wheat exports at 2.3 million tons. May exports are expected at 1.8 to 2.0 million tons, Rylko said.

Analysts at IKAR and Rusagrotrans noted an increase in April shipments to Turkey, Iran, Egypt and Libya.

IKAR last week raised wheat production and export forecasts for this season.

Nevertheless, spring frosts in the centre of the country have led to the destruction of some crops. The Voronezh region announced on Monday that it was preparing to declare a state of emergency.

The sugar industry lobby, Soyuzrossakhar, reported that about 12% of sugar beet crops were lost due to cold snaps in April-May.

Other Russian data provided by IKAR:

Product:
Most recent data:
Change from a week earlier

- Export sunflower oil (IKAR)
$1,110/t
-$15

- White sugar, Russia's south (IKAR) (as for April 30 - May 7)
$691.70/t
-$1.04/t

Source: Reuters | #grain | Comments: 0 Views: 3

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