Export prices for Russian grain continued their sharp decline

Wheat

Sunflower Seed

Published Feb 20, 2024

Tridge summary

Russian grain export prices have seen a significant drop over the past week, particularly in fourth class wheat. However, analysts predict a favourable harvest this year due to good agroclimatic conditions and winter crop health. While barley and corn prices are expected to remain stable globally, they may rise in Russia due to planned exports and purchases by Iran. Sunflower prices are also expected to increase globally due to decreased palm oil reserves in Malaysia.

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

Russian grain export prices over the past week have maintained a serious decline with some exceptions. Such data follows from the latest review of the journal field.rf. The most active decline is observed in wheat of the fourth class (hereinafter also referred to as “four”). In particular, in the direction of CPT - Novo (hereinafter also on “high water” or in deep-sea ports), grain prices fell by as much as 500 rubles - to 13,100. Other trends were milder. Prices for delivery on CPT terms - Low Water (hereinafter also “low water” or “shallow water”) fell by only 200, and now it costs 11,600. In the south, the cost of the “four” decreased by 188 rubles to 10,925, including, by 100 (became 10,150) - in Volgograd, by 200 (10,600) and the same amount to 11,100 - in Stavropol and Rostov-on-Don, and by 250 to 11,850 - in Krasnodar. At the same time, in two other directions, this class of grain, on the contrary, has risen in price: by seven rubles (it became ₽9,080) in the center and by ...

Source: Rosng