Tridge summary
Russian wheat export prices have fallen, breaking a monthly trend, with October delivery FOB Black Sea ports priced at $233/ton, a $2 drop from the previous week. Despite this, domestic ruble wheat prices have risen due to strong demand. The large 2020 wheat harvest has many farmers with sufficient funds to delay sales, potentially leading to government intervention such as a grain export quota in the first half of 2021. Feed barley prices have also increased, while the depreciation of the ruble and rising domestic prices could further influence the government's decision.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
At the end of last week, export prices for Russian wheat marked a decline, interrupting the monthly growth. Russian wheat with 12.5% protein FOB Black Sea ports for delivery in October, according to the IKAR agency, was quoted at $ 233 / ton, which is $ 2 less than a week ago, according to the IKAR consulting company. According to Sovecon, feed barley rose in price by $ 2 to $ 194 per ton. According to the agency Grain On-Line with reference to IA Reuters. However, domestic ruble wheat prices continued to rise amid strong demand from exporters and livestock producers, Sovecon reported. The wheat harvest in Russia in 2020 is great, but many farmers are in no hurry to sell it, since they have enough funds for the sowing campaign of winter wheat and conditions have been created to store the crop. According to ...
Source: Zol
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