Russia. New-crop wheat export prices decreased slightly last week

Export prices for new-crop wheat in Russia show a slight decrease (down $1/MT FOB in deep-sea ports) under the impact of global market trends, reports UkrAgroConsult.

Russian wheat is again a winner of a second Egyptian tender for buying new crop wheat.

Spring planting in Russia is drawing to an end. Planting of spring wheat is 98.2% complete (11.9 Ml ha against 11.5 Ml ha last year). Farmers in the south of the country (Stavropol, Krasnodar regions) have already begun harvesting winter barley and wheat. The first yield values are higher than last year.

According to preliminary information, Russia exported 34.2 MMT of wheat in July-May 2018/19 (down 12% year-on-year, up 19% from the five-year average). Egypt is traditionally the biggest importer of Russian wheat with a market share of 21%.

More detailed information on the latest trends in grain exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for Online Analytics "Black Sea Grain" in the new innovative tool for agri market participants – AgriSupp.com by UkrAgroConsult. We offer 2-week trial! Completely free!

Please be reminded that on September 5, UkrAgroConsult will host a major meeting point of the oilseed industry operators – the 7th International Conference “Black Sea Oil Trade-2019” in Hilton, Kyiv, Ukraine.

‘Black Sea Oil Trade’ conference annually brings together key players of the global agribusiness at the start of a new oilseed season. The goal of the conference is to discuss prospects and directions of the Black Sea and global oilseed market development, exchange international contacts, share recommendations for adapting business strategies in the changing market and global trade.

More than 250 delegates from 25+ countries attend the conference annually. Conference participants are represented by producers and crushers of oilseeds, traders, enterprises for deep processing of vegoils, investment companies, banks, legal, shipping, brokerage, insurance, surveyor and other companies.

UkrAgroConsult