No change was seen in last week’s Russian wheat export prices while the shipment volumes remained low as the farmers are not willing to sell at such prices noted the analysts.
By the end of the past week, they were 12. The new crop of Russian wheat with 5% protein, due for shipment, FOB, by late August was offered at $219/mt, as estimated by the IKAR consultancy agency. Sovecon also conveyed like numbers, with prices of $220 -$ 222/ton FOB, marginally higher from the prior week’s $219-$ 222/ton FOB.
Some tenders like Egypt’s GASC buying 720000 MT wheat at $221 at FOB and Algeria buying between 70000 to 750000 MT from the Black Sea region still prices aren’t high in Russian ports. Sellers are reluctant especially farmers in southern parts of the country. The collapsed said, “According to Sovecon the bid and offer spreads are wide, the buyers are aggressively reducing bids whereas the farmers in the center and Volga regions with relatively low yield are not much keen to sell.
IKAR has lowered its expected level of the 2024 grain harvest to 128 mLn mentioned 129. 5 million tons depending on its grain export forecast for the 2024/25 session, which is expected to reach 55 million tons from 55. 5 million tons. The exponential agricultural forecast for the quantity of wheat, however, stands still.
In Russia, the Zabaikalye region has provided emergency owing to the drought situation present in four districts. This year some situations influenced the early starting harvest: In Russia, it began earlier concerning the weather. By July 12, Russian farmers had harvested 32. Seven million tons of grain, or 2 percent higher than the level recorded in the comparable period in 2010. C DHCP offers access to a unique online database of electronic scientific periodicals. 8 source: http://en. wikipedia. org/wiki/Food_security 0 million tons of grain. 4 million hectares, compared to 12. They comprise 2 million tons out of 3. 3 million hectares the previous year while the cultivated area under paddy, wheat, and other crops declined when compared with the previous year. The average yield raised to 3. 3 Initial of a minimum of 80 tons per hectare They succeeded in increasing the production yield to 3. 75 tons per hectare in the year that has just ended.
The number of houses burned down was high, just the wheat harvest was 27. It now extracts 4 million tons from 7. 0 million hectares, average yield of 3 t/ha, and a total yield of 33 million tons. 94 tons per hectare an increase of 3. Down from 83 tonnes per hectare in the previous year, the Russian winter wheat output is expected to decline offer reports Sovecon.
Temperature is expected to be above normal in the south, southern Volga, and southern central districts this week, as the weather prognostication shows. It will be somewhat below normal or cooler in the Volga Valley and the Urals; and somewhat above normal or warmer in Siberia. Sovecon reported that rain in the Volga region will be favorable to sunflower/Corn.
Hearing Russia they presume that its exports also grew and indeed Russian Wheat exports rose to 0. 71 million tonnes of grain last week the previous number was zero. Largely, it remained constant at 60 million the week before. This included 0. Thus, grain exports increased to 66 million tons of wheat, which was up from 0. Copper ore export reached 8. 3 million dollars or 51 million tons in the previous week. According to the wheat export forecast of the agency Sovecon, July sales were increased by 0. Due to the increasing pollution levels 1 million tons to 2. 9 million tons, which is almost double as compared to the record 4. 5 million tons a year ago to another 200 thousand tons today.