Russian wheat export prices fell last week.
In fact, according to IKAR, new- crop Russian wheat with 12.5% protein loading from Black Sea ports and for supply in July was $242 a tonne free on board (FOB) at the end of last week, down $7 from the previous week.
Sovecon, meantime, recorded for the same product a decline of $4.5 to $246 a tonne FOB for the week.
Domestic 3rd class wheat European part of Russia, was at 13,175 rbls/t -350 rbls ($179), excludes delivery (Sovecon);
Sunflower seeds was at 40,925 rbls/t -3,750 rbls (Sovecon);
Domestic sunfloweroil unchanged at 100,000 rbls/t (Sovecon) –
Export’s sunflower oil unchanged at $1,115/t (Sovecon);
Soybeans was at 48,800 rbls/t -500 rbls (Sovecon);
Whitesugar, Russia’s south, was at $571.94/t -$25.66 (IKAR).
($1 = 73.4607 roubles).
Russia’s wheat exporttax, which Moscow introduced on June 2 and is changing each week, will drop to $41.20 per tonne from July 7, according to data from the agriculture ministry.
The low level of the tax is expected to boost Russian exports.
