Export grain prices in Russia began to grow more slowly

Published 2024년 2월 5일

Tridge summary

Russian grain export prices have seen a mixed trend over the past week, with third-class wheat prices increasing in central regions, while prices for the same fell in the south. Fourth-class wheat became cheaper, while fifth-class wheat saw a price increase in the South and Volga regions but a decrease in central regions. Barley and corn prices rose across all supply regions. Among oilseeds, sunflower saw the highest price increase in the Volga regions, while soybean prices fell in central Russia. The decrease in active purchases into the state intervention fund is due to a slowdown in foreign deliveries and increased Russian export duties. However, no further increase in these duties is expected. Global barley prices may not rise significantly due to a slowdown in the Chinese economy, while corn prices may decrease due to harvesting in Argentina and Brazil. In Russia, grain prices may decrease due to a potential increase in duties but may rise due to demand from Iran and a reduction in domestic purchases from Brazil.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Russian grain export prices continued to rise over the past week, but, with some exceptions, weaker than the week before. This is stated in the next review of the journal field.rf. In particular, third-class wheat (hereinafter also referred to as “troika”) among all shipping destinations increased in price only in the central regions - by 92 rubles to 10,750. In Tambov, the increase was 50 to 11,550, in Voronezh and Kursk - 200 and 300 to 10,200 and 10,400. In Lipetsk, Belgorod and Orel, the cost of the “troika” did not change and amounted to 10,250, 10,500 and 11,600 rubles each. In the south, grain prices fell by 50 to 12,338 rubles, including from 12,300 to 12,250 in Stavropol and from 12,450 to 12,300 in Rostov-on-Don, Volgograd and Krasnodar "troika", as before , cost 11,300 and 13,500. In the directions CPT-Novo (hereinafter also “in high water”, “in deep-water ports” or “CPT-Novorossiysk”) and CPT-Malaya Voda (“in low water” or “shallow water” ) the cost decreased by 500 ...

Source: Rosng