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 prices fall at start of harvest, hot weather a risk

Reuters, 25.06.19

MOSCOW: Russian export prices for wheat fell last week as the number of offers rose after the start of harvesting and offset risks posed by hot weather, analysts said on Monday.

Black Sea prices for the new Russian wheat crop with 12.5% protein content were $194 per tonne on a free on board (FOB) basis at the end of last week, down $1 from a week earlier, Russian agricultural consultancy IKAR said in a note.

SovEcon, another Moscow-based consultancy, quoted FOB new crop for July delivery unchanged at $196 per tonne. FOB barley prices fell by $1 to $167.5 per tonne, it added. The rouble currency rose by 2% against the U.S. dollar last week.

“The market continues to monitor the weather in the Black Sea region closely,” SovEcon said. “Hot and dry weather still threatens the new crop, the sowings are declining in some places, while low moisture reserves create chances for lower yields.”

“Current weather conditions are expected to remain in the coming weeks,” it added.

The Krasnodar region, one of the main producing and exporting regions in Russia’s south, has started winter wheat harvesting. It has threshed 125,000 tonnes so far with an average yield of 6.68 tonnes per hectare, up 0.52 tonnes year on year.

Hot weather also poses risks to the development of sugar beet in the country’s main sowing regions, Russia’s Sugar Producers’ Union said in a note. IKAR said its white sugar price index for southern Russia was $438.6 a tonne on June 21, up $39 from a week earlier.

Russia exported 41.8 million tonnes of grain from the start of the current 2018/19 marketing season to June 20, down 18% from the previous season, according to SovEcon. That included 34.4 million tonnes of wheat.

Domestic prices for third-class wheat of new crop were forming at around 10,600 roubles ($168) a tonne at the end of last week in Russia’s southern regions on an ex-works basis, according to SovEcon. Ex-works supply does not include delivery costs.

Russia’s spring grain sowing campaign is almost completed. By June 20, farmers had sown spring grains on 28.9 million hectares, or on 97.9% of the originally planned area, compared with 29.5 million hectares a year ago, the agriculture ministry said.

The ministry continued to sell grain from its stockpile last week, offloading 4,200 tonnes of wheat. It has sold 1.84 million tonnes of grain, including 1.55 million tonnes of wheat since the start of this marketing year.

Sunflower seed prices fell last week – for the first time since late May – by 50 roubles to 18,975 roubles a tonne, SovEcon said. The growth in the domestic sunflower oil prices continued: they added 75 roubles to 42,925 roubles a tonne. FOB export prices for sunflower oil rose $20 to $700 a tonne.

All viewing: 128

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