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 down

Reuters, 17.02.21

MOSCOW: Russian wheat export prices fell for the fourth consecutive week last week amid a decline in prices in Chicago and Paris and rising supply in the domestic market, analysts said on Monday.

Moscow’s wheat export tax and a grain export quota, launched on Monday as part of efforts to reduce food inflation amid the coronavirus pandemic, have already been priced in, they said.

Russian wheat with 12.5% protein loading from Black Sea ports for supply in March was at $277.5 a tonne free on board (FOB) at the end of last week, down $8.5 from the previous week, the IKAR agriculture consultancy said.

Sovecon, another Moscow consultancy, said wheat prices fell by $4 to $281, while barley was unchanged at $248.

“Russian exporters are trying to regain their competitive edge. Supply from farmers is growing in the domestic market,” Sovecon said in a note. Russia is one of the world’s largest exporters of wheat.

Risks for Russia’s 2021 winter wheat crop will rise if current warm weather, which forms an icy crust as snow melts in fields, persists for another week or two in several southern regions, Sovecon said.

A cold front that is expected to move further south this week also poses a risk for regions where plants are weak and already vegetating, it added.

All viewing: 46

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