Main page   About us  |  Our news  |   Our services  |  Contacts
Main page Ikar.ru guide Feedback RSS       In Russian

GRAIN | FLOUR | CEREALS | SUGAR | OILSEEDS | FEEDSTUFFS & INGREDIENTS | MEAT | DAIRY
Search:  


ANALYTICS & NEWS

   IKAR in Mass Media
   Market prices
   Graphically speaking
   Market studies
   Exhibitions
   Partners
   Investment


WORK IN AGRICULTURE

   Vacancies
   Resume


   About us
   Our news
   Our services
   Contacts

IKAR in Mass and Industry Media


Russian grain prices spike amid global rally, quality risks

Reuters, 23.07.18


MOSCOW, July 23 (Reuters) - Russian wheat export prices rose sharply last week as global benchmarks rallied and concerns about the quality of wheat crops intensified in several regions of Russia, analysts said on Monday.

Chicago wheat futures Wv1 hit a new six-week high on Monday on concerns that dry weather in Europe and the Black Sea region will cut production in some of the world's main exporting countries.

Black Sea prices for Russian wheat with 12.5 percent protein content and for delivery in August were $211 per tonne on a free on board (FOB) basis at the end of last week, up $11.5 from a week earlier, Russian agricultural consultancy IKAR said in a note.

SovEcon, another agriculture consultancy in Moscow, said Black Sea FOB prices for wheat were at $207.5 a tonne, up $9.5, while barley prices jumped $13 to $203.5 per tonne.

Prices were supported by expectations of poor crop quality in part of Russia's central regions, IKAR said. According to SovEcon, there is a limited offer of wheat with high protein content in Russia's southern regions, and demand from exporters for it has risen sharply.

As of July 18, Russia had exported 2.1 million tonnes of grain since the start of the 2018/19 season on July 1, up 90 percent year-on-year, including 1.4 million tonnes of wheat, the agriculture ministry said.

The sharp growth in exports was caused by an early start to Russia's 2018 grain harvesting due to dry weather in several regions.

The world's largest wheat exporter has already harvested 32.1 million tonnes of grain from 19 percent of the area, up from 25.0 million tonnes on the same date a year ago.

Wheat harvesting is 27 percent complete, and wheat yields are at around the three-year low, SovEcon said, adding that rainy weather, which hit some regions of the European part of Russia in recent days, may complicate harvesting.

Domestic prices for third-class wheat were up 100 roubles to 9,225 roubles ($146) a tonne in the European part of Russia on an ex-works basis, according to SovEcon.

Sunflower seed prices rose by 525 roubles to 21,875 roubles a tonne, SovEcon said. Domestic sunflower oil prices rose 425 roubles to 46,175 roubles, while export oil prices were flat at $715.

IKAR's white sugar price index for southern Russia was $521.6 a tonne as of July 20, up $63 from a week earlier.

($1 = 63.1101 roubles)



All viewing: 138
Discuss

Where The Margin Is
Annual Conference Agribusiness
media feedback

IKAR is a member of International research project Agri Benchmark from May 2010

Agri Benchmark

Putin Is Growing Organic Power One T-34 Tank-Tomato at a Time



Grain | Cereals | Sugar | Oilseeds | Feedstuffs & Ingredients | Meat | Dairy


IKAR. Institute for Agricultural Market Studies. www.IKAR.ru

© 2002-2019  
IKAR. Institute for Agricultural Market Studies
24, Ryazansky str., off. 604, Moscow, Russia
Tel/Fax: +7 (495) 232-9007 | www@ikar.ru |  Feedback

Rambler's Top100 Рейтинг@Mail.ru
Google translate: Google translate: Russian Google translate: German Google translate: French Google translate: Italian Google translate: Portuguese Google translate: Spanish Google translate: Turkish Google translate: Lithuanian Google translate: Chinese Google translate: Korea