Russia's wheat export prices rose in the past week, supported by the strong rouble and the demand of Egypt. The Black Sea prices for Russian wheat with a protein content of 12.5% for delivery in March were late last week at $192 per tonne FOB. This is an increase of $1.00 to the previous week, so Russia's agricultural consultancy IKAR.
The Moscow-based SovEcon agricultural consulting firm stood with his estimate at the end of the week at $192,50 per tonne FOB. The estimate of the Russian corn FOB prices rose $1.00 to $179.00.
Egypt's State grain purchasing GASC bought 535,000 tons of wheat, of which 235,000 tons of wheat of Russian origin last week.
The demand grew wheat of Ukrainian origin wheat of Russian origin also charged. In the current marketing year in the period 1 July 16 until 1 March 17 exported Russia 24.6 million tons of grain. This is a decrease of 3.5% to the previous year. 19 million tons for wheat exports, so the Department of agriculture. 2016, Russia's farmers harvested estimated 120,7 million tons of grain. To this estimate, the Russian statistics agency Rosstat came in last week. Previously, the estimate was still at 119.1 million tons. The Russian Ministry of agriculture currently anticipates grain exports between 105 and 110 million tons. SovEcon adds in comparison with exports by 113 million tonnes (including 69 million tons of wheat).
Domestic prices for 3-class wheat in the European part of Russia fell to 150 rubles to 10,300 rubles. Sales readiness in agriculture remains high, because liquidity is needed for the upcoming summer cereal sowing, starting in March. The conditions for the winter wheat stocks are still very good.
The Moscow-based SovEcon agricultural consulting firm stood with his estimate at the end of the week at $192,50 per tonne FOB. The estimate of the Russian corn FOB prices rose $1.00 to $179.00.
Egypt's State grain purchasing GASC bought 535,000 tons of wheat, of which 235,000 tons of wheat of Russian origin last week.
The demand grew wheat of Ukrainian origin wheat of Russian origin also charged. In the current marketing year in the period 1 July 16 until 1 March 17 exported Russia 24.6 million tons of grain. This is a decrease of 3.5% to the previous year. 19 million tons for wheat exports, so the Department of agriculture. 2016, Russia's farmers harvested estimated 120,7 million tons of grain. To this estimate, the Russian statistics agency Rosstat came in last week. Previously, the estimate was still at 119.1 million tons. The Russian Ministry of agriculture currently anticipates grain exports between 105 and 110 million tons. SovEcon adds in comparison with exports by 113 million tonnes (including 69 million tons of wheat).
Domestic prices for 3-class wheat in the European part of Russia fell to 150 rubles to 10,300 rubles. Sales readiness in agriculture remains high, because liquidity is needed for the upcoming summer cereal sowing, starting in March. The conditions for the winter wheat stocks are still very good.
