Russia: Prerequisites for increasing grain prices and how to sell crops in the current conditions

Published 2023년 10월 4일

Tridge summary

World grain prices have fallen for four consecutive quarters due to a rich harvest in the Northern Hemisphere, resulting in a collapse in prices. Russian wheat exports have also declined due to price disagreements with Egypt. Farmers are facing a critical situation, as there is a surplus of grain on the market and low prices are forcing them to sell at a loss or break-even.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

World grain prices have continued to decline for four consecutive quarters. Experts call this a collapse and attribute the fall in prices to a rich harvest in the Northern Hemisphere. At the same time, demand for Russian wheat is declining. Due to price disagreements, export deals with Egypt did not take place. The companies Rif, Aston and MZK Export have suspended their purchases on the domestic market. According to the director of the Russian Grain Union, Arkady Zlochevsky, the situation for farmers is close to critical - there are large reserves of grain on the market, while the harvesting of the new harvest continues. Many farmers would like to sell grain now, but do not do so due to low prices. Experts from Zerno-Aggregator LLC were looking into whether there are prerequisites for price increases and how to sell grain more profitably in the current conditions. The situation on the market is as follows: grain shipments for export have been suspended, although there is demand ...
Source: Zol

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