IKAR in Mass and Industry Media

Russia grain export prices rise on lower supply

Reuters

MOSCOW, April 26 (Reuters) -Russian free-on-board (FOB) grain export prices rose last week on lower supply, while other prices were largely stable in most regions of the country, analysts said on Monday.

FOB prices rose by $2 to $174 per tonne for wheat with protein content of 11.5 percent and to $178 per tonne for wheat with protein content of 12.5 percent, with bug damage of up to 1 percent, the Institute for Agricultural Market Studies (IKAR) said.

It said supply had been reduced because farmers were unwilling to sell at current prices. Feed barley prices also strengthened by $3 in the last week.

Agricultural analysts SovEcon said CPT prices (including delivery to port) were stable last week at 4,500-4,800 roubles ($154.6-$164.9) per tonne for fourth-grade wheat in Novorossiisk and 4,300-4,400 at shallow-water ports.

Domestic prices were stable in most regions last week, SovEcon said, though in the Central Black Earth Region prices rose slightly on exporters' demand.

IKAR said demand from importers for maize seed rose due to the need to resow some areas in the Central Black Earth and Volga regions, where crops had been killed by winter frosts.

Russian sunseed and sunoil prices declined last week.

Sunseed purchase prices fell to $393 per tonne from $405 and crude sunoil to $859 from $870, IKAR said. Average offer prices for sunseeds fell by 100 roubles to 11,325 roubles per tonne, and for sunoil by 125 roubles to 25,250 roubles, SovEcon said.

Sunoil FOB Black Sea prices declined by $10 to around $830 per tonne, it said.

Sugar prices dropped both in rouble and dollar terms to 23,600 roubles per tonne from 24,000 roubles and to $810 per tonne from $827, ex-mill Krasnodar, ahead of a rise in May imports.

Russia's raw sugar import tariff is expected to fall to $50 per tonne in May from the current $140.

20.05.10

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