IKAR in Mass and Industry Media

Russia grain export prices stable, exporters active

Reuters

MOSCOW, April 12 (Reuters) - Russian grain export prices remained stable last week, while exporters were reported to have bought from silos in some regions, analysts said on Monday.

"Exporters kept buying grain in the main export regions, paying relatively low prices," SovEcon agricultural analysts said.

The Institute for Agricultural Market Studies (IKAR) said prices of ordinary milling wheat with 1 percent bug damage were fluctuating around $171 per tonne, FOB Novorossiisk, while wheat with higher bug damage was traded at $3-$4 per tonne discount.

SovEcon said bid prices for fourth-grade (ordinary) wheat in Novorossiisk were unchanged at 4,300-4,700 roubles ($146.7-$160.3) per tonne CPT (including delivery), while at shallow water ports they were 4,200-4,300 roubles per tonne.

Traders were reported to buy grain actively from silos in the North Caucasus and in the Central Black Soil region, SovEcon said. It said there was demand for milling and feed wheat, feed barley and maize.

It said domestic prices rose in the North Caucasus and in the Central Black Soil region, but they kept declining in the eastern part of Russia and along the Volga river.

Average domestic prices did not change much, IKAR said.

By the beginning of April, Russia had exported 16.215 million tonnes of grains, down from 17.100 million in the same period a year ago, IKAR said.

IKAR said it had raised its forecast for Russia's grain exports in 2009/10 to 20.5 million tonnes from previous 20 million in spite of a slowdown of the shipments.

Oilseeds and sunoil prices kept declining slowly last week, SovEcon and IKAR said.

Last week, white sugar prices declined sharply to 23,800 roubles per tonne from 25,000 roubles in Krasnodar, or to $810 per tonne from $849, IKAR said.

The peculiarity of the moment is that white sugar stocks are very low, while abundant supply of relatively cheap raw sugar is expected in May, it said.

14.04.10

All viewing: 99
Discuss