MOSCOW, February 01, 2021
Russian wheat export prices fell for the second consecutive week last week due to more active supply from farmers concerned about upcoming higher wheat export taxes later in the marketing season, analysts said on Monday.
According Russian Ag, wheat with 12.5% protein loading from Black Sea ports for supply between Feb. 15 and Feb. 28 was at $293 a tonne free on board (FOB) at the end of last week, down $3 from the previous week.
While, according Soviet Ag, another Moscow consultancy, wheat prices fell by $2 to $295, while barley rose by $9 to $247 a tonne due to strong export demand.
Prospects for March wheat exports from Russia are unclear so far.
Russian wheat producing regions saw some good rains and snow last week, but the weather remains unusually warm in some of them, which means there is still a risk of plant damage in case of cold snap later in February.
Product: Price at the end Change from week
of last week: earlier
- Domestic 3rd 15,400 roubles/t -350 rbls
class wheat, ($203,8)
European part of
Russia, excludes
delivery
(Sov. Ag.)
- Sunflower seeds 41,4400 rbls/t +3,925 rbls
(Sov. Ag.)
- Domestic 92,675 rbls/t +3,000 rbls
sunflower oil
(Sov. Ag.)
- export $1,270/t +$35
sunflower oil
(Sov. Ag.)
- export $1,270/t +$20
sunflower oil
(Rus. Ag.)
- Soybeans 40,500 rbls/t +1.000 rbls
(Sov. Ag.)
- white sugar, $511.9/t -$19.7
Russia's south
(Rus. Ag.)
($1 = 75.5700 roubles)
Source: Reuters
