In Russia, rye prices experienced a notable increase last week across several regions including the Urals, Siberia, the Center, Volga region, and the Black Earth Region, as reported by ProZerno. This surge is linked to a technical factor of slightly heightened demand against a backdrop of a 7% decrease in the area dedicated to agricultural crops, with the rye harvest expected to mirror 2023's 1.79 million tons. While the wheat market showed mixed price dynamics, barley and corn prices varied as well. Grain market expert Alexander Korbut predicts a stagnation in rye production due to lack of price incentives, despite a higher demand for quality food rye than available supply. ProZerno remains cautiously optimistic about the grain market's future, especially expecting a recovery in corn export prices driven by demand from livestock farmers and the lifting of export duties.
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, prices for rye in Russia began to actively grow, while on the wheat market price dynamics were heterogeneous, according to the monitoring of the analytical company ProZerno, which was reviewed by Agroinvestor. The largest increase in prices for rye was recorded in the Urals - by 500 rubles. up to 9.16 thousand rubles. per ton (EXW, with VAT 10%). In Siberia, prices increased by 250 rubles. up to 11 thousand rubles, and in the Center and Volga region - by 215-240 rubles, up to 8.3 thousand and 7.85 thousand rubles. per ton respectively. In the Black Earth Region prices increased by 150 rubles. and reached 8.8 thousand rubles. per ton. The general director of the ProZerno company, Vladimir Petrichenko, explained to Agroinvestor that the current increase in rye prices is a technical factor. “Previously they were in place for a long time, now there is a slight increase in demand and growth. At the same time, the area under agricultural crops is reduced by 7% to 748 thousand ...
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