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Export prices of wheat in Russia has decreased with the start of harvesting of new crop
Export of Russian wheat prices declined last week with the increase in supply after the start of harvesting of the new crop that smoothed the effect of the risks associated with hot weather, analysts say.
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The price per ton of wheat with a 12.5-interest content of protein decreased at the end of last week on $1 compared to the previous week to $194 FOB in Novorossiysk, said ICARUS.

According SovEcon, the price of this class of wheat of new crop with delivery in July remained at the level of $196 per tonne FOB, the price of barley was down $1 to $167,5 per tonne FOB. The ruble rose against the US dollar by two percent last week.

"The market continues to closely monitor the weather in the black sea region. Hot and dry weather continues to threaten new harvest, sometimes the plants are in a depressed condition, and low moisture reserves to create the preconditions of yield reduction. In the coming weeks is expected to current weather conditions", - said in the review SovEcon.

In the Krasnodar region started harvesting of winter crops, gross harvest made up of 125,000 tonnes of wheat with an average yield of 66.8 tons per hectare, 5.2 hundredweight higher than last year.

Hot weather affects the moisture content of the soil and the dynamics of development of sugar beet, Soyuzrossakhar said. The index of white sugar IKAR for the South of Russia has increased for the week to 27.80 rubles per kilogram from 25.80 rubles, or up to $438,55 per ton from $399,20.

According to customs records, Sovacool, as of June 20 this marketing season, Russia exported 41.8 million tons of grain, which is 18 percent lower than the same period last season. Including wheat exports amounted to 34,35 million tons (13 percent), barley - 4.67 million tons (18 percent less), corn – 2.74 million tons (51 percent less).

Assessment SovEcon grain exports in June is 1.1 million tonnes, including 0.8 million tons of wheat.

In the domestic market average prices in the European part of Russia for wheat of the third class are 11.150 rubles per ton against 11.800 rubles a week earlier, on wheat of 4 class – 10.650 rubles per ton against 11.700 RUB self, SovEcon says.

Average sunflower prices fell by 50 roubles to 18.975 rubles per ton. Prices of crude oil in the week continued to strengthen, reaching 42.925 rubles per ton, or 75 rubles more than the previous week. Export prices of oil rose $20 to $700 per ton

 

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Translated by service "Yandex.Translation"
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