Wheat becomes cheaper in export and domestic markets in Russia
Wheat
Russia
Published Jul 2, 2022
Tridge summary
“The market is waiting for the official approval of a new formula for calculating the export duty, which can support the market. According to the new formula, the settlement price of CPT Novorossiysk wheat is about 15,000 rubles per ton without VAT, which corresponds to the current quotations against the price according to the current formula of 11,700 rubles per ton,” Rusagrotrans analysts say.
Original content
The export price of 12.5% Russian wheat for July delivery has fallen by $25 over the past week to $390 per tonne FOB, according to a review by the Analytical Center Rusagrotrans. For comparison: The average price for American SRW wheat decreased by $20 to $359 per ton FOB, French 11.5% - also by $20, to $387 per ton FOB, German - by $24, to $391 per ton FOB . The exchange market of wheat fell to lows since the end of February, but began to recover after the intensification of demand from importers. Prices in Russia Prices for wheat (grade 4, 12.5% protein) in deep water ports remained at about 15,000 rubles per ton without VAT, but demand is minimal. Declared demand prices are noticeably lower - 14,000-14,200 rubles, the same as a year ago. Purchase prices for low water immediately fell by 600 rubles, to 13,600 rubles per ton without VAT, last year it was 12,900 rubles. The domestic market continued to decline. Prices EXW elevator for wheat (grade 4, 12.5% protein) Wheat exports ...
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