The quota for the export of grain from the Russian Federation will be used only by 82%; export prices are growing, purchase prices are at the level of last year
Wheat
Russia
Published Jun 11, 2022
Original content
The grain export quota, valid in the Russian Federation from February 15 to June 30, 2022, will be selected at 82% - Russian suppliers will be able to supply only 9 of the planned 11 million tons to the world market, follows from the materials of the Analytical Center "Rusagrotrans". Export of wheat in June, according to experts, will be approximately 0.75 million tons, and about 6.7 million tons, or 84% of its volume, will be exported from the quota of 8 million tons. The under-export of about 1.3 million tons is due to the fact that a number of companies, in principle or significantly, did not use their quota "for a number of reasons." Other grains (barley, corn, rye) within the quota will largely for the same reasons be exported about 2.3 million tons, or 77% of the quota of 3 million tons. Export and purchase prices Indicative export prices for 12.5% Russian wheat for July delivery rose to $425 per tonne FOB ($5 per tonne on the previous week) amid lack of positive news about ...
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