Russian wheat export prices fell last week.
In deed, according to IKAR, new-crop Russian wheat with 12.5% protein loading from Black Sea ports and for supply in August was $238 a tonne free on board (FOB) at the end of last week, down $4 from the previous week.
According to Sovecon, the decline was of $12 to $234 a tonne of wheat.
Barley tumbled of $20 to $212.
Domestic 3rd class wheat was at 12,525 roubles/t -650 rbls ($168.53), European part of Russia excludes delivery (Sovecon);
Sunflower seeds was at 37,800 rbls/t -3,125 rbls (Sovecon);
Domestic sunfloweroil was at 91,650 rbls/t -8,350 rbls (Sovecon);
Export sunflower #oil was at $1,120/t +$5 (Sovecon);
Export sunflower oil was $1,130/t -$10 (IKAR);
Soybeans quote 47,800 rbls/t -1,000 rbls (Sovecon);
Whitesugar, Russia’s south, was at $554.5/t -$17 (IKAR).
($1 = 74.3194 roubles)
Its expected taht Russia will export between 1.5 million tonnes and 2 million tonnes of wheat in July.
That is down from 2.3 million tonnes in July 2020.
Additionally, Russia’s southern regions are expected to produce almost record-high wheat crop this year.
However, in Krasnodar region, need dry weather in coming weeks as rains are complicating harvest.
For now Russia’s wheat yields are so far lower than a year ago, as the harvesting is yet to enter the most active stage.
In fact it started later than in 2020.
