Russia. Wheat export prices closed last week up another $4-6/MT
As before, price growth is fueled by the world market factor and another rise in domestic wheat prices in Russia. Purchase prices for wheat in Russia’s ports closed the week with a RUB 200-400/MT increase. Traders are forced to raise export prices despite competition from the Ukrainian and European markets, report UkrAgroConsult.
Unwillingness of farmers to sell wheat and its falling supplies in Russia (especially in port regions) also continued to support the domestic market.
According to Rosselkhoznadzor (the Federal Service for Veterinary and Phytosanitary Surveillance), Russian 2019/20 grain exports, including those to the Customs Union countries, had totaled 14.3 MMT by October 1 (down 12% year-on-year), with wheat representing 12.2 MMT of this volume (-10%).
More detailed information on the latest trends in grain exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for Online Analytics "Black Sea Grain" in the new innovative tool for agri market participants – AgriSupp.com by UkrAgroConsult. We offer 2-week trial! Completely free!
Read also
Wheat in Southern Brazil Impacted by Dry Weather and Frosts
Oilseed Industry. Leaders and Strategies in the Times of a Great Change
Black Sea & Danube Region: Oilseed and Vegoil Markets Within Ongoing Transfor...
Serbia. The drought will cause extremely high losses for farmers this year
2023/24 Safrinha Corn in Brazil 91% Harvested
Write to us
Our manager will contact you soon