The Russian flour market-2020 is on the price swing
Wheat
Rye
Russia
Published Jan 9, 2021
Tridge summary
The flour market in Russia was on a price swing last year. They were rocked by both the growth of domestic demand amid the spread of the coronavirus, and high world quotes, as well as the depreciation of the ruble. This conclusion follows from the monitoring of the Institute for Agricultural Market Studies (IKAR). Moreover, in 2020, the growth in prices for wheat, and then for rye, took place in the conditions of expectation of the second wheat harvest in the history of Russia and a high rye harvest. According to Rosstat, 85.9 million tons of wheat were harvested.
Original content
The flour market in Russia was on a price swing last year. They were rocked by both the growth of domestic demand amid the spread of the coronavirus, and high world quotes, as well as the depreciation of the ruble. This conclusion follows from the monitoring of the Institute for Agricultural Market Studies (IKAR). Moreover, in 2020, the growth in prices for wheat, and then for rye, took place in the conditions of expectation of the second wheat harvest in the history of Russia and a high rye harvest. According to Rosstat, 85.9 million tons of wheat were harvested, rye - 2.4 million tons. HISTORICAL HIGHLIGHTS According to IKAR, last spring, prices for flour, as well as for cereals and other essential goods, rose significantly. The demand in retail chains for packaged wheat flour and even more for pasta and other shelf-stable products has been extremely strong due to the spread of the coronavirus. According to the results of March-May, the use of flour for the production of pasta ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.