MOSCOW, March 9, 2021
Russian wheat export prices fell last week after two weeks of growth due to lower prices in Chicago and Paris.
Russian wheat with 12.5% protein loading from Black Sea ports for supply in March was at $285 a tonne free on board (FOB) at the end of last week, down $2 from the previous week, according to State agriculture consultancy.
According to Refinitiv wheat prices fell by $3.5 to $283.5 per tonne.
Soviet Ag, pegged barley at $252 per tonne, up $1.
Russia doubled its wheat export tax to 50 euros ($59.5) ($60) per tonne starting from March 1.
Soviet Ag expects Russia’s wheat exports to slow to 2.0-2.5 million tonnes in March due to the higher tax.
However, a mild Russian winter has dramatically improved the condition of winter grain sowings, which were previously hit by a dry autumn, weather forecaster Hydrometcentre said last week, adding that 7-9% of sown winter grains were currently in a bad condition.
This estimate could be too optimistic and probably does not reflect ice-crust issues farmers have been experiencing in recent weeks.
rice at the end Change from week of last week: earlier – Domestic 3rd 13,900 roubles/t +75 rbls class wheat, ($188.03) European part of Russia, excludes delivery (Sovecon) – Sunflower seeds 42,575 rbls/t +625 rbls (Sovecon) – Domestic 101,850 rbls/t +350 rbls sunflower oil (Sovecon) – export $1,500/t +$60 sunflower oil (Sovecon) – export $1,530/t +$60 sunflower oil (IKAR) – white sugar, $611.2/t +$20.5 Russia’s south (IKAR) ($1 = 73.9256 roubles) ($1 = 0.8398 euros)
Product: Price at the end Change from week
of last week: earlier
- Domestic 3rd 13,900 roubles/t +75 rbls
class wheat, ($187,40)
European part of
Russia, excludes
delivery
(Sov. Ag.)
- Sunflower seeds 42,575 rbls/t +625 rbls
(Sov. Ag.)
- Domestic 101,850 rbls/t +350 rbls
sunflower oil
(Sov. Ag.)
- export $1,500/t +$60
sunflower oil
(Sov. Ag.)
- export $1,530/t +$60
sunflower oil
(Rus. Ag.)
- white sugar $611.20/t +$20,50
(Rus. Ag.)
($1 = 73.9256 roubles)
Source: Reuters
