Russia: Domestic grain prices at good demand stable

Russian wheat prices benefited last week due to good demand of large importers included Egypt and India and were stable in spite of the fixed ruble to the U.S. dollar.
The price of Black Sea wheat with a protein content of 11.5% as a result of recent purchases from India and Egypt rose to $182,00. Egypt bought last late November Russian origin to supply 240,000 metric tons of wheat in early January. Indian importers bought around 200,000 tonnes Black Sea wheat, of which 50,000 metric tons from Russia for the supply of 8-14 December.
Russia exported 18.3 million tons of grain, of which 14.3 million tons of wheat during the current marketing year up to December 14. This reports the Department of agriculture. This is a decrease of 1.8% compared to the prior year.
Domestic prices for class 3 wheat (without cargo) in the European part of Russia fell to 50 rubles to 10.675 rubles ($173). Reason was for stormy weather in ports, which led to delays in the processing operations ($1 = 61,8443 rubles)
The Ministry of Agriculture announced that it will initially set the wheat purchases to build up State reserves and start buying again in the new year. In the period August 19 to December 14, 954.000 tons of grain to build up of stocks at 3.9 million tons were bought by the State.
Total grain stocks rose farms (no micro-enterprises), trade and processing enterprises by December 1 to 11% to the previous year to 45 million tons. It emerges from figures of the statistics agency Rosstat.

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