MOSCOW – February 22, 2021

Russian wheat export prices rose this week after declining for the past month, following a rise in wheat prices in Chicago, which set a benchmark for this market, analysts said on Saturday.

According the State Agency, Russian wheat with 12.5% protein loading from Black Sea ports for supply in March was at $283 a tonne free on board (FOB) at the end of the week, up $5.5 from the previous week.

According to Refinitiv, wheat prices rose by $2 to $284.5.

A private Moscow consultancy, reported barley was unchanged at $248.

 Product:            Price at the end       Change from week
                        of last week:                earlier
 - Domestic 3rd      14,225 roubles/t              -300 rbls
 class wheat,                ($192,40)  
 European part of                      
 Russia, excludes                      
 delivery                              
 (Sov. Ag.)                             
 - Sunflower seeds      43,200 rbls/t            -2,075 rbls
 (Sov. Ag.)                             
 - Domestic             99,825 rbls/t              +325 rbls
 sunflower oil                         
 (Sov. Ag.)                             
 - export                    $1,350/t                   +$61
 sunflower oil                         
 (Rus. Ag.)                                                      
 - Soybeans             42,800 rbls/t              unchanged
 (Sov. Ag.) 
 - white sugar               $582.1/t                +$26,30                                   
 (Rus. Ag.)                          
                      
 ($1 = 73.9500 roubles)

Source: Reuters

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