Export prices for “four” wheat from the Russian Federation began to strengthen - review

Wheat

Russia

Market & Price Trends

Published Mar 12, 2024

Tridge summary

Global agricultural commodity prices are expected to fluctuate, with wheat prices rising due to Algeria's large purchase and the US Department of Agriculture's forecast for increased reserves. However, prices for the third and fifth classes of wheat have decreased. Corn prices may also increase due to large purchases by China and lower harvest forecasts in the US and Brazil, but improved crop conditions in South America could offset this. Russian corn prices may rise due to export duties. Sunflower prices are expected to rise globally due to increased imports in India and rising oil prices, but competition with Ukraine and weak demand from Turkey could affect this. Soybean prices may increase due to reduced crop estimates in Brazil and reduced palm oil exports in Indonesia.

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

Export prices for fourth-grade (hereinafter referred to as “four”) wheat from Russia with 12.5 percent protein in certain shipping destinations began to rise over the past week. This is reported in a new review of the journal field.rf. Among the southern regions, it rose in price over the week in Rostov-on-Don - by 100 rubles to 10,600. However, in Stavropol and Krasnodar, the “four” fell in price by 150 and 200 to 10,550 and 11,500, and in Volgograd it remained at the level of 10 200. In general, in the south this class fell in price by 62 to 10,713 rubles. On the Volga, the average cost increased by 33 to 8,483 rubles. In particular, in Samara it increased in price by 100 to 8,100 rubles, in Saratov and Bashkiria, as before, it cost 8,550 and 8,800. In the center of the country, the “four” cost 37 rubles. less or 8,980. This class fell in price by 50 less to 8,800 in Tambov, by 73 to 9,227 in Lipetsk, by 100 to 9,500 in Voronezh. In Orel, Belgorod and Kursk it still cost 8,500, ...

Source: Rosng