Russian wheat export prices fell last week, extending their fall to a fifth consecutive week, due to weak demand.
According to IKAR, an agriculture consultancy, Russian wheat with 12.5% protein loading from Black Sea ports for supply in April, indeed, was at $245 a tonne free on board (FOB) at the end of last week, down $12 from the previous week.
According to Sovecon, another consultancy, wheat and barley prices fell by $5 to $248 a tonne and $235 a tonne, respectively.
The weather condition remains favourable for the upcoming 2021 wheat crop with rains expected in several regions this week.
Below a summary of other Russian data provided by Sovecon and IKAR:
Product: Price at the end Change from week
of last week: earlier
- Domestic 3rd 13,650 roubles/t -75 rbls
class wheat, ($177,80)
European part of
Russia, excludes
delivery
(Sov. Ag.)
- Sunflower seeds 53,425 rbls/t +600 rbls
(Sov. Ag.)
- Domestic 118,175 rbls/t unchanged
sunflower oil
(Sov. Ag.)
- export $1,495/t -$45
sunflower oil
(Sov. Ag.)
- export $1,465/t -$53
sunflower oil
(Rus. Ag.)
Domestic
- soybeans 48,700 rbls/t unchanged
(Sov. Ag.)
- white sugar $600.00/t +$6,80
(Rus. Ag.)
($1 = 76.6313 roubles)
Source: Reuters
