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



   IKAR in Mass Media
   Market prices
   Graphically speaking
   Market studies



   About us
   Our news
   Our services

IKAR in Mass and Industry Media

Russian wheat export prices up for 3rd week on strong rouble

Reuters, 01.10.18

MOSCOW, Oct 1 (Reuters) - Russian wheat export prices ended higher for the third week in a row, supported by a strengthening of the rouble against the dollar thanks to high oil prices, analysts said on Monday.

Strong local currency along with tougher quality controls at ports following complaints from major buyers have been slowing down Russian grain exports.

Black Sea prices for Russian wheat with 12.5 percent protein content were at $224 a tonne free on board (FOB) at the end of last week, up $4 on the week, IKAR agriculture consultancy said in a note.

SovEcon, another Moscow-based consultancy, quoted FOB wheat up $4 at $226 a tonne and barley - up $2 at $232 a tonne. Prices for maize (corn) are being set at around $188-189 per tonne as the first price indicator for the new crop, it said.

Russian grain exports are up 21 percent so far this marketing year, which started on July 1, compared with 40 percent in early September. By Sept. 27 Russia had exported 14.3 million tonnes of grain, including 12.1 million tonnes of wheat.

Domestic prices for third-class wheat were down 75 roubles at 10,975 roubles ($167) a tonne at the end of last week in the European part of Russia on an ex-works basis, SovEcon said. Ex-works supply does not include delivery costs.

Domestic prices fell partially due to rains which have improved prospects for this and next year's crop. Farmers have sown winter grains for next year's crop on 76.1 percent of the planned area, or on 13.1 million hectares.

Prices for sunflower seeds fell 600 roubles to 19,125 roubles a tonne, SovEcon said. Domestic prices for sunflower oil declined by 500 roubles to 47,000 roubles a tonne, while export prices fell $5 to $670 a tonne.

IKAR's white sugar price index for southern Russia was at $562 a tonne as of Sept. 28, up $35 from a week earlier.

($1 = 65.5455 roubles)

All viewing: 167

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.

© 2002-2020  
IKAR. Institute for Agricultural Market Studies
24, Ryazansky str., off. 604, Moscow, Russia
Tel/Fax: +7 (495) 232-9007 | |  Feedback

Rambler's Top100 Рейтинг
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