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

Brighter crop prospects, weak demand drive Russian wheat prices down

Reuters, 23.04.19

MOSCOW: Russian wheat export prices fell last week with prospects for the upcoming 2019 crop improving while demand weakened, analysts said on Monday.

Brighter crop prospects, weak demand drive Russian wheat prices down

Black Sea prices for Russian wheat with 12.5 percent protein content for delivery in May were $221 per tonne on a free on board (FOB) basis at the end of last week, down $4 from a week earlier, Russian agricultural consultancy IKAR said.

SovEcon, another Moscow-based consultancy, said FOB wheat prices were down $3 to $224 a tonne. The group raised its forecast for Russia’s 2019 wheat crop last week by 3.4 million tonnes to 83.4 million tonnes.

Russia exported 38.2 million tonnes of grain between the start of the season on July 1 and April 18, down 9 percent from a year ago, SovEcon said. That included 32.0 million tonnes of wheat, down 3 percent from a year ago.

Domestic prices for third-class wheat fell 50 roubles to 12,150 roubles ($190.5) 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.

By April 19, farmers had sown spring grains on 10.7 percent of the planned area, or 3.2 million hectares, compared with 1.9 million hectares a year ago, the agriculture ministry said. Russia’s spring grain sowing was delayed last year by a late spring.

Russia’s agriculture ministry continued to sell grain from its stockpile last week, offloading 7,500 tonnes of wheat. It has sold 1.76 million tonnes of grain, including 1.48 million tonnes of wheat since the start of this marketing year.

Sunflower seed prices were down 225 roubles to 18,650 roubles a tonne, while domestic sunflower oil prices dropped 325 roubles to 42,000 roubles a tonne, SovEcon said. Sunflower oil export prices rose $10 to $660 a tonne.

IKAR said its white sugar price index for southern Russia fell by $0.5 to $504.1 a tonne from a week earlier.

All viewing: 112

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