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 down after two weeks of growth

Reuters, 24.11.20

* Domestic livestock producers ask government for export tax
* Prices for sunflower seeds, sunflower oil up sharply
* Russian farmers sowed record area with winter grains

MOSCOW, Nov 23 (Reuters) - Russian wheat export prices fell last week after two weeks of growth amid stable wheat prices in Chicago Wv1, a global benchmark for this market, analysts said on Monday.

Russian wheat with 12.5% protein loading from Black Sea ports and for supply in December was at $252 a tonne free on board (FOB) at the end of last week, down $2 from the previous week, the IKAR agriculture consultancy said in a note.

Sovecon, another agriculture consultancy in Moscow, said wheat fell by $1 to $253, while barley remained at $215 a tonne.

Russian livestock producers sent a letter to the government last week saying that a grain export quota, proposed by the agriculture ministry at 15 million tonnes for Feb. 15-June 30, could stabilise the domestic wheat market but would not be enough to drive the prices down.

The letter proposed reintroducing an export tax for wheat, which is currently at a zero level, Sovecon said. The government or the agriculture ministry are yet to reply on it.

Sovecon also said there are market rumours that the ministry could offer subsidies to the flour millers.

Russian farmers sowed a record area of 19.2 million hectares with winter grains despite dry weather, Sovecon said, adding that sowings were in bad shape in many regions.

Other Russian data provided by Sovecon and IKAR:

Product: Price at the end of last week: Change from week earlier

- Domestic 3rd class wheat, European part of Russia, excludes delivery (Sovecon) | 15,975 rbls/t ($211) | -75 rbls

- Sunflower seeds (Sovecon) | 37,775 rbls/t | +2,625 rbls

- Domestic sunflower oil (Sovecon) | 83,000 rbls/t | +4,325 rbls

- export sunflower oil (Sovecon) | $1,100/t | +$30

- export sunflower oil (IKAR) | $1,125/t | +$80

- Soybeans (Sovecon) | 37,700 rbls/t | +3,050 rbls

- white sugar, Russia's south (IKAR) | $524.5/t | -$20

($1 = 75.7300 roubles)

All viewing: 96

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.

© 2002-2021  
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