The cost of grain in the domestic market continues to fall due to expectations of a record harvest. This is stated in the review of the analytical center "SovEcon". According to analysts, prices for wheat of the 5th grade decreased by 375 rubles. up to 11200 rub. per ton (average price for the European part of Russia, excluding VAT). Feed grain supply is growing rapidly. “Its share tends to be relatively high for good harvest years such as the current one,” analysts say. At the same time, they believe that recent heavy rains have additionally reduced the quality: in the South, in the Volga valley and in the Center, up to 50 mm of precipitation fell.
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Prices rose in the South due to higher demand from exporters. Thus, the price of wheat with 12.5% protein in deep-water ports increased to 13,600-14,200 rubles/t from 13,500-14,000 rubles/t a week ago, SovEcon compared. Demand from exporters is rising due to the weakening of the ruble and lower export duties. Since the beginning of the season, the cost of French wheat has decreased by 6.5% ($357 per ton), says Elena Tyurina, Director of the Analytical Department of the Russian Grain Union (RGU). Although last week the indicator rose by $3. “This may be due to information about the drought in Europe and a possible decrease in the gross harvest of wheat. American wheat has also risen in price by 6.5% to $341 per ton, Russian - by 2.5% since the beginning of last week. Now the cost is $367 per ton,” she told Agroinvestor. According to Tyurina, the competitiveness of Russian wheat is supported by a reduction in the export duty in dollar terms. By July 29, it amounted to 4626 rubles. ...
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