Export grain prices in the Russian Federation continue to decline - review

Grains, Cereal & Legumes
Market & Price Trends
Published Feb 27, 2024

Tridge summary

Russian grain export prices continued to fall last week, most notably for fourth class wheat, due to competition with Ukraine and Romania and decreased domestic purchasing prices. Despite this, barley prices increased in the south and 'low water'. Global corn prices may fall due to increased Brazilian harvest rates, but Russian corn prices could rise due to interest from Iran. Soybean prices may rise globally due to reduced Brazilian exports, but could fall due to high harvest rates in Brazil and Argentina and reduced Chinese demand. Russian oilseed prices may rise due to processor competition, but could fall due to discounts for low protein content crops amidst a larger supply.
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

Last week, export prices for Russian grains generally continued their downward trend. This was reported in a review of the journal field.rf. This trend was most noticeable in fourth class wheat (hereinafter also referred to as “four”). It fell in price the most under CPT – Novo conditions (when transported through deep-sea ports or “on high water”) – by 300 rubles or up to 12,800. The cost of this class on the Volga decreased by 100 rubles to 8,317 (including by 150 up to 8,800 in the direction from Bashkiria and the same amount up to 7,650 from Samara). For Saratov, it remained unchanged - 8,500. In the center, the “four” became cheaper by 88 rubles to 8,992 (by 200 to 8,800 in Tambov, by 180 to 9,500 in Lipetsk, by 100 to 8,550 in Orel and by 50 up to 9,600 in Voronezh, and in Belgorod and Kursk, as a week earlier, it costs 8,300 and 9,200). The price also remained stable under the terms of CPT – Low Water (hereinafter also “in shallow water” or “in low water”). The third class ...
Source: Rosng
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