News

Export grain prices in Russia are falling at a record pace

Grains, Cereal & Legumes
Wheat
Russia
Market & Price Trends
Published Feb 13, 2024

Tridge summary

Last week, export prices for main types of grains in the Russian market decreased, with the most significant drop observed in the fourth class of wheat, especially in the south. Barley prices remained stable in most regions, while corn prices fell the weakest in the center. However, oilseeds like sunflower and soybeans saw a price increase. Factors influencing these prices include the dollar exchange rate, purchase prices by large consumers, export estimates, and global market conditions. The USDA has maintained the forecast for wheat exports from Russia in the 2023-24 season.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Of the individual regions, the largest decrease was in Volgograd - by 400 to 10,250, by 300 to 11,300 in Stavropol, by 200 to 10,800 in Rostov-on-Don and the same amount to 12,100 in Krasnodar. On the Volga, the cost of the “four” fell by 117 to 8,400 rubles. (in particular, by 50 to 7,700 in Samara, by 100 to 9,000 in Bashkiria and by 200 to 8,500 in Saratov). In the center it dropped by only 102 rubles. to 9.073 thousand (strongest in Belgorod and Voronezh, by 160 and 150 to 8.29 and 9.55 thousand rubles, respectively). And in the directions CPT-Novo (hereinafter also CPT - Novorossiysk, on “big” water and in deep-water ports) and CPT-Malaya Voda (hereinafter also - in shallow water or “small” water) it dropped by 200 and 400 to 13. 6 and 11.8 thousand rubles. The third class of wheat (hereinafter also referred to as “troika”) also fell in price most actively in the south - by 238 rubles to 12,100 (including by 250 to 12,000 in Stavropol and the same amount to 13,250 in ...
Source: Rosng
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