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In three weeks, Russian wheat export prices have fallen by more than 10 percent

Since the beginning of the third decade in June, the price situation on the Russian wheat export market has been developing (FOB Black Sea) continues to be in a downward trend.

In the first place, formed the trend will be the beginning of mass harvesting Wheat In Russia, and especially in the Northern hemisphere, generally, high-stakes cargo in the Black sea waters, as well as the probability of formation in 2022/23 on the domestic market of oversupply of grain, according to the forecast experts record or close him gross collection, relatively high transfer of inventories from Grains last year's harvest and risk of decline in exports over the performance of previous seasons in the conditions of sanctions. Last week, price pressure was driven by the decline of the Russian ruble against the US-Dollar and the actual decrease in the wheat export fee due to the translation of its calculation into the local currency placed additional pressure on it.

These are the offer prices for Wheat with protein 12,5% ​​of the 2022 harvest compared to the previous three weeks by 40-45 USD/Tonne (10-12%) and are in most cases between 12-370 USD/ton on July 390th. Due to lower import demand, offer prices for feed grains under the same delivery conditions have decreased by an average of USD 55/ton (12-16%) to USD 330-350/ton after the specified period.

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