20.
07.15
15:17

Russia: Concerns about grain quality

Russian wheat export prices fell in the past week. The harvest is progressing Meanwhile well even if there are quality concerns. The grain harvest, the the world's major wheat supplier for North Africa and the Middle East currently is, had delayed end of June after continuous rains in the major export regions.
Forward cost prices for wheat with 12.5% protein of the new crop from the Russian Black Sea region at the end of the last week $197 per tonne fob. These are $1.5 to $4 per tonne less than in the previous week listing. Barley prices dropped to $0.50 per tonne on $182 / tonne to.
The price pressure is caused by season-usually high offers, although there are still delays in the harvest. Russia's farmers have retracted 18.7 million tons of grain by 11% of the cultivated area up to the 16.Juli. On the same date in the previous year, there were 22.2 million tons. The yields are specified with 3.83 tons / hectare (VJ. 3, 53). Stocks on the Russian farms, as well as the utilities were 9% higher than a year ago on July 1, with 12.3 million tons.
The price for wheat of class IV fallen in the European part of the country from the loading station to 100 rubles on 9.050 roubles per ton. Continuous rains give cause for concern about the quality of the grain. IKAR consulting firm maintains its harvest forecast anyway, after a total of 56 to 59 million tons of wheat come together.

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