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 rise with high demand

Reuters, 14.10.19

MOSCOW, Oct 14 (Reuters) - Export prices for Russian wheat rose last week as strong demand and growth in global benchmarks in Chicago outpaced improving prospects for this year's crop, analysts said on Monday.

Egypt's state grains buyer GASC bought 180,000 tonnes of Russian wheat and 115,000 tonnes of Ukrainian wheat in a tender last week. Egypt is traditionally the largest buyer of Russian wheat.

Black Sea prices for Russian wheat with 12.5% protein content and for the nearest supply were up $4.5 to $199 per tonne on a free on board (FOB) basis at the end of last week, agricultural consultancy IKAR said in a note.

SovEcon, another agricultural consultancy in Moscow, pegged wheat prices at $197.5 per tonne, up $3. Barley was unchanged at $179 a tonne.

IKAR said earlier on Monday it had raised its forecast for Russian wheat crop this year by 200,000 tonnes to 75.6 million tonnes.

Russia's agriculture ministry last week raised its 2019 all grain crop forecast by 2 million tonnes to 120 million tonnes, including 78 million tonnes of wheat.

Russia has exported 14.7 million tonnes of grain since the start of the 2019/20 season, 12% less than during the same period of the previous year, SovEcon said. That figure included 12.9 million tonnes of wheat.

Prices for third-class wheat in European parts of Russia rose 200 roubles to 10,525 roubles a tonne on the domestic market by the end of last week, SovEcon said. That price was on an ex-works basis, which excludes delivery costs.

Russian farmers have already sown winter grains for next year's crop on 87% of the planned area, or 15.2 million hectares.

The delay in planting in Russia's south compared with a year ago has narrowed to 700,000 hectares from 900,000 hectares a week ago, SovEcon said, adding that weather conditions for winter crops remain close to multi-year average.

Sunflower seed prices fell further with the arrival of the new crop, sliding 1,525 roubles to 16,575 roubles a tonne, while domestic sunflower oil prices fell by 1,325 roubles to 43,000 roubles a tonne, SovEcon added. FOB export prices for sunflower oil for October shipment fell by $5 to $675 a tonne.

IKAR said its price index for white sugar from southern Russia fell by $8.8 to $324.4 a tonne.

All viewing: 98

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