Russia: Wheat export prices fell last week

Russian export wheat prices rose last week after two weeks of firmer prices, while wheat prices fell on the Chicago stock exchange, analyzes reported on Monday.
Russian wheat with a protein content of 12.5% loaded at Black Sea ports for delivery in December stood at $ 252 per tonne of FOB late last week, a decrease of $ 2 from the previous week, Russian agricultural consultancy IKAR said in a statement .
Sovecon reports a decline of $ 1 to $ 253 while barley remained at $ 215 per tonne. Russian livestock keepers sent a letter to the government last week saying that a 15 million tons grain export quota proposed by the Ministry of Agriculture for February 15 to June 30 could stabilize the domestic wheat market, but would not be enough to keep the wheat market stable Lower prices.
The letter proposed reintroducing an export tax on wheat, which is currently zero, Sovecon said. The answer from the government or the Ministry of Agriculture is still pending.
Sovecon also said there are market rumors that the ministry should offer subsidies to the mills.
Russian farmers planted a record 19.2 million hectares of winter crops despite dry weather, Sovecon said, adding that the sowing was in poor condition in many regions.

Hansa Terminhandel GmbH
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