News

After the conclusion of the grain deal, European wheat prices fell by 13 percent, while Russian products fell by 17 percent

Wheat
Russia
Published Mar 13, 2023

Tridge summary

At the same time, the fall in prices for Russian products amounted to 17% Since the signing of the grain deal, European prices for wheat fell by 13%, the fall in prices for Russian products amounted to 17%. This was reported to TASS by the head of the analytical department of the Russian Grain Union Elena Tyurina. "The maximum prices were from March 10, 2022 to mid-June. After the signing of the grain deal, prices began to decline quite seriously. Since the signing, European prices have decreased by 13%. The fall in prices for Russian wheat is more - by 17%," she said. . According to her, at the time of signing the grain agreement, wheat in France cost $345 per ton. At the moment it costs $301 per ton. "Throughout the season, a discount of an average of $20 per ton remains. The discount is the price advantage of Russian fourth-class wheat on FOB (the seller fulfills his conditions when the cargo crosses the ship at the port of loading - TASS note) relative to the European one," - .. .

Original content

At the same time, the fall in prices for Russian products amounted to 17%. Since the signing of the grain deal, European wheat prices have fallen by 13%, while prices for Russian products have fallen by 17%. This was reported to TASS by the head of the analytical department of the Russian Grain Union Elena Tyurina. "The maximum prices were from March 10, 2022 to mid-June. After the signing of the grain deal, prices began to decline quite seriously. Since the signing, European prices have decreased by 13%. The fall in prices for Russian wheat is more - by 17%," she said. . According to her, at the time of signing the grain agreement, wheat in France cost $345 per ton. At the moment it costs $301 per ton. "Throughout the whole season, a discount of $20 per ton on average remains. The discount is the price advantage of Russian fourth-class wheat on FOB (the seller fulfills his conditions when the cargo crosses the ship at the port of loading - TASS note) relative to the European ...
Source: Zol
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