According to IKAR, russian export prices for the summer’s new wheat crop fell last week following a decline in global benchmarks in Chicago and Paris.
In fact, prices for new crop Russian wheat with 12.5% protein loading from BlackSea ports were at $260 a tonne free on board (FOB) at the end of last week, down $12 from the previous week.
According to Sovecon, prices for the old crop were also down, indeed wheat fell by $3 to $272 per tonne, meanwhile barley – by $2 to $248 a tonne.
Below the other main price changes at the end from past week, compared to the previous week.
Domestic 3rd class wheat, European part of Russia, excludes delivery, 14,550 roubles/t +100 rbls ($198);
Sunflower seeds 53,025 rbls/t +275 rbls;
Domestic sunfloweroil 115,025 rbls/t +825 rbls;
Export’s sunflower oil $1,520/t -$20 (Sovecon quote);
Export’s sunflower oil $1,525/t -$15 (IKAR quote);
Soybeans 50,900 rbls/t +1,800 rbls;
White sugar, $610.1/t +$6.2 Russia’s south.
($1 = 73.5050 roubles).
Russia, is one of the world’s largest wheat exporters, usually starts harvesting in late June-early July.
