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"Sovekon": the Russian grain market is slowly growing
Russian grain market continues to slowly push off from the lows reached in the second half of September, writes "Sovekon"
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According to the weekly price monitoring ""SovEcon", the price of wheat and barley in the European part of Russia last week (9-13 October) were mostly stable or slowly growing.
 
Average prices for wheat 3 cells remained at 8175 RUB/t Wheat 4 cells rose by 25 roubles to 7,400 roubles per tonne, 5 KL – 75 rubles to 5850 RUB/t Barley has risen to 75 rubles to 5,900 rubles/t Corn prices dropped by 50 rubles/ton to 6425 rubles/t (Average prices offers EXW European part of Russia).
 
"To export the South continued slow rise in prices for most items. In other European regions, prices were generally stable, showing places of growth, and sometimes decline.
 
The price of maize, about half of the areas which has not yet been removed, reduced, but very slowly. We believe that the market began to realize that high yields can not wait. On 6 October, we downgraded the forecast of the collection from 15.2 million tonnes to 13.7 million tonnes.
 
Continues to be a gradual decline in the Asian part of the country. The exception is some increase in the price of wheat with high gluten in Siberia.
 
Under pressure from the high supply of grain, harvesting of late crops and gradually deteriorating world situation it is difficult to expect active strengthening of prices, however, the likelihood that the grain market was its long-term low, grows" otmechajut "Sovekon".

Photo: agrocapitalgroup.all.biz



Translated by service "Yandex.Translation"
Источники: СовЭкон
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