Tridge summary
The June report from the Center for Agroanalytics FSBI provides an overview of the Russian grain market, highlighting trends in sowing, prices, exports, and domestic demand. The report indicates that spring sowing is nearly complete, with over 99.7% of the projected area sown by mid-June, and over 1.46 million tons of grain sold from the state intervention fund from mid-April to mid-June.
The export prices for lower quality wheat and barley have decreased, while corn prices have increased, leading to a minimal margin for export operations due to strengthened ruble and non-tariff export quota limits. The domestic prices for major crops have also seen a decline, with the exception of some crops like 3rd class wheat and buckwheat. The report also notes a decrease in total grain reserves in organizational stores to a six-year low, excluding grain from the State Intervention Fund.
The export prices for lower quality wheat and barley have decreased, while corn prices have increased, leading to a minimal margin for export operations due to strengthened ruble and non-tariff export quota limits. The domestic prices for major crops have also seen a decline, with the exception of some crops like 3rd class wheat and buckwheat. The report also notes a decrease in total grain reserves in organizational stores to a six-year low, excluding grain from the State Intervention Fund.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
A monthly review of the grain market for June 2020 was published on the website of the Center for Agroanalytics FSBI. Excerpts from the review: DOMESTIC MARKET: According to the Russian Ministry of Agriculture, spring sowing is almost complete. By June 16, spring crops in the whole country were sown on 29 million hectares, or 99.7% of the projected area. Of these, spring wheat occupies 12.4 million hectares, or 102.2% of the plan, spring barley - 7.9 million hectares, or 100.4%, corn for grain - 2.9 million hectares, or 106.7%. For the period from April 13 to June 16, almost 1.46 million tons of grain were sold from the state intervention fund, including 732 thousand tons of wheat of the 3rd class, 609 thousand tons of wheat of the 4th class, 93.2 thousand tons feed wheat and 24.7 thousand tons of feed barley. PRICE MONITORING From May 7 to June 11, 2020, there was a decrease in export prices for 4th grade wheat (-9.3%) and barley (-3.3%) and an increase in corn prices (+ 5.8%), ...
Source: Kvedomosti
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
Related market data
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.