As reported "Interfax" the head of the center Igor Pavensky, according to the USDA forecast in six of the ten major countries-producers of wheat are projected to increase in gross fees. Russia, Canada, Australia, Argentina, China, Kazakhstan.

"In particular, in the may report, the Agency forecast world wheat stocks at the end of the new agricultural year (on 30 June 2021 - if) was significantly above market expectations, reaching a record 310,1 million tons against 295,1 million tonnes at the end of this crop year, he said. Forecast world production of wheat in the new agricultural year is also a record - 768,5 million tons against 764,3 million tonnes respectively."

According to the center, indicative export prices for Russian wheat (protein 12.5 percent) with June delivery for the week decreased by $2.5 to $224 per tonne (FOB). "Due to the exhaustion of quota of export contracts for wheat old crop is almost concluded," said Pavensky.

According to the center, from April 1 to may 14 from the Russian Federation exported about 5.8 million tons of grain. Thus, the balance within the quota of 7 million tons is about 1.2 million tons. Quota is April-June.

Total grain exports from 1 July 2019 on may 14, 2020, excluding deliveries to the countries of the EEU was around 39.4 million tons of grain, including wheat - 32.1 million tons, barley - 3.55 mln tonnes, maize - 3.54 million tonnes.

The purchase price of Russian milling wheat (protein 12.5 percent) in the deep-water ports fell to 750 rubles up to 14 800-15 200 rubles per ton, at low water - at $ 100, up to 14 600 rubles. Prices are without VAT.

Prices of domestic Russian wheat market has declined in the South and in the Volga region. However, in the Central regions grew.

"Market participants noted the low activity of trade in all regions. Major purchases are made at the intervention auctions, but they gradually decrease", - said the Pavensky.