Tridge summary
The Ministry of Agriculture of Russia has reported the current prices for various oilseeds and their derivatives as of February 17, with sunflower seeds at 40,138 rubles / ton, soybeans at 36,013 rubles / ton, and rapeseed at 34,587 rubles / ton. The price levels vary across different federal districts. In the coming weeks, domestic prices are expected to be influenced by factors such as export duties, the ruble's performance against the dollar, global market trends, and the size of the new soybean crop in South America. Preliminary data from the Federal Customs Service of Russia indicates significant exports of oilseeds and their processing products, with imports of soybeans and palm oil seeing increases. Global market prices for oilseeds and their derivatives have generally strengthened due to various factors, including adverse weather conditions in Brazil impacting soybean production.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
PRICE MONITORING According to the departmental price monitoring of the Ministry of Agriculture of Russia, as of February 17, the cost of sunflower seeds in the Russian Federation amounted to 40,138 rubles / ton, soybeans - 36,013 rubles / ton, rapeseed - 34,587 rubles / ton. The price for sunflower oil was marked at the level of 92,631 rubles / ton, for soybean meal - 49,350 rubles / ton, for sunflower meal - 19,491 rubles / ton. The maximum price for sunflower was recorded in the Central Federal District (41,726 rubles / tonne), the minimum - in the Siberian Federal District (36,052 rubles / tonne). In the Southern Federal District, the price of soybeans is at the highest level in Russia (42,626 rubles / tonne). The minimum price for these products is in the North Caucasus (25,000 rubles / ton). Rape seeds in the Central Federal District are the most expensive in the Russian Federation (41,400 rubles / ton). They are the cheapest in the North Caucasian District (20,800 rubles per ...
Source: Oilworld
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