The international Grains Council lowered the forecast of wheat production in the 2020/21 season, but ending stocks are still a record
In its July report, the international Grains Council (IGC) lowered the forecast of world wheat production in the season 2020/21, and with it forecast global supply, despite a slight increase in valuation of the initial stocks.
Prices of Russian wheat for the week from 9th to 16th July, rose $7, to $210 per tonne (FOB). Price (CPT) to deep-water ports rose to 600 rubles and reached 13 500-13 800 rubles per ton (excluding VAT), it follows from the monitoring of the analytical center of JSC "Rusagrotrans".
Export prices for Russian wheat (protein 12.5 percent) of new crop with delivery in August for a week from 2 to 9 July increased $7.5 to $203 per ton, follows from the monitoring of the analytical center of JSC "Rusagrotrans".
Stocks of wheat in the regions of the Russian Federation of June 1 were at least the past 6-8 years - experts
Stocks of wheat in the Russian regions was at a minimum level over the past 6-8 years, to the monitoring of the analytical center of JSC "Rusagrotrans", made on the basis of Rosstat data on stocks of grain on June 1.
Export prices for Russian wheat declined last week amid the emergence of a new crop in the market and weak initial demand from exporters at the start of the new season.
The Ministry of agriculture has assured that there is no need to create a special Fund wheat for millers
The Ministry of agriculture is discussing the proposal of the Union of grain exporters on the creation in Russia of the Fund of food wheat for millers, but believes that while it is not necessary.
Russia: stocks of grain traders and processors by almost 18% less than a year ago. Data as of 01 June
According to Rosstat, on 01 June in the stocks of traders and processors were 6,447 million tons of grain, which is 17.6% lower than a year ago. The Agency said Grain Online.
In Russia the price of wheat of the new crop continued to decline since mid-June.
If negative expectations on the condition of crops in the South did not materialize, prices will continue to decrease
According to the may report of analysts of IA "APK-inform", the total export potential of Russian grain in 2020/21 MG is projected at the level of 46.9 million tons, 8.7% more than in the previous season.
In the new season in the grain market there will be risks associated with the collapse of global economies
The new season will be collected 2.23 billion tons of grain
The international Grains Council updated absolute record of production and ending stocks of wheat in the world – the forecast may
In its may report, the international Grains Council (IGC) raised its forecast for global wheat production in the season 2020/21 to record levels. The Agency said Grain Online.
Some of the major players do not sell wheat of the new harvest, expecting the spot will be slightly higher
According to operational data of the agricultural administrative bodies of constituent entities of the Russian Federation, as of 8 April 2020 in the whole country of 18.3 million hectares are fed up 13 million hectares or 71% of the sowing areas of winter crops (in 2019 8.8 million hectares).
Pandemic coronavirus infection can lead to higher prices for some food products, according to a report by the International center for cooperation at new York University (NYU CIC).
As expected, the situation on the international grain markets remain on a balanced and sufficient level, despite concerns about the impact of the pandemic COVID-19.
Export prices for Ukrainian milling wheat on FOB basis from the end of January fell $17 to 202-207 $/ton.
This happens despite the growing competition from France, Romania and Ukraine