Russian wheat export prices were unchanged in the past week, although prices in the local market have risen. The Russian ruble against the dollar had risen to the highest level since November 2015.
USD/ton cost wheat with 12.5% protein supplied by the Black Sea at the end of last week 165 fob. That was less than a USD/tonne more than in the previous week.
The Russian grain harvest in 2016 will be the biggest in the post Soviet era. The farmers there have harvested about 10% of the acreage up to the 15th of July and retracted 20.6 million tons. The yields are much higher than in the previous year. Russia could reap up to 110 million metric tons of grain, so the estimate of the Ministry of agriculture. That would be a plus over the previous record year by 2 million tons in 2008.
Nevertheless, the offer for Exportfähigen remains low, observe protein wheat with 12.5% SovEcon specialists. The price of wheat on the local market in the European part of Russia is namely decreased 700 rubles per tonne on 10,000 rubles per tonne. This corresponds to $ 159 USD per tonne. These prices are on a multi-year low.
Russia exported 583.800 tons of grain from the new harvest since July 1, there were 383.500 tons of wheat.
