Export prices for grains in Russia have intensified again

Published Apr 23, 2024

Tridge summary

Over the past week, major Russian grains such as wheat, barley, corn, sunflower, and soybeans have experienced significant price changes, particularly in deep-water ports. Notably, the prices for third and fourth class wheat have increased substantially, with third class wheat rising by 500 rubles to 14,300 and fourth class wheat by 100 rubles to 13,600. Fifth class wheat prices also saw an increase in these ports. While barley and corn prices remained relatively stable with minor increases, sunflower and soybean prices surged in the south and central regions, respectively. The article suggests that these trends may indicate future price adjustments for these crops based on the current market dynamics.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Export prices for major Russian grains increased significantly again last week. This is reported in the next review of the journal field.rf. The third class of wheat (hereinafter also referred to as “troika”) has risen in price the most. This was most pronounced in the direction of CPT – Novo (hereinafter also “on high water” or “in deep-water ports”), the cost of which increased by 500 rubles or up to 14,300. In CPT – Malaya Voda (hereinafter also “on low water” or “ in shallow water"), it remained unchanged from last week’s level - 12,200. The cost of grain on the Volga did not change during this time. In the south, it rose in price by 125 or to 11,800 rubles (most strongly, by 200 to 12,500 in Krasnodar and by 100 each to 10,900, 11,850 and 11,950 in Volgograd, Stavropol and Rostov-on-Don). At the same time, in the center the “troika” fell in price by 32 rubles to 10,583. Among specific regions, this happened most actively in Kursk (by 100 to 10,400), and a drop of 50 to 10,550 ...
Source: Rosng
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