Volga Baikal AGRO NEWS Update on the Russian Grain Price Development !!!

Situation on the Russian Grain Market: June 21 - 25, 2021 (Week 25)

Volga Baikal AGRO NEWS Update on the Russian Grain Price Development !!!

Situation on the Russian Grain Market: June 21 – 25, 2021 (Week 25)

Domestic Grain Prices Development:

According to regional agribusiness management bodies, as of June 23, 2021, the average Russian prices for the 3-class wheat were 13 728 rubles/ton (-0,5 % within a week), for the 4-class wheat – 12 903 rubles/ton (-0,3 % within a week), for the 5-class wheat – 12 374 rubles/ton (-0,6% within a week), for feed barley – 12 085 rubles/ton (+0,1% within a week), for food rye – 9 493 rubles/ton (+0,7 % within a week), for corn – 13 594 rubles/ton (+0,2% within a week).

Export Price and Volume Development:

According to operational data of the Federal Customs Service of the Russian Federation (excluding data on mutual trade with the EAEU member States for May&June), as of June 24, 2021, 47,3 million tons of grain crops were exported in the current 2020/2021 agricultural year, which is 11,5 % higher than in the same period of the last season (42,4 million tons). The volume of the wheat exports for the season amounted to 36,7 million tons (8,5 % higher than the same period of the 2019/2020 season), barley – 6,1 million tons (+38,6 %), corn – 4,0 million tons (+3,1 %).

As of June 24, 2021 FOB Novorossiysk prices:

For the Russian 4-class wheat (protein 12,5%) – 251 USD/ton (no changes), barley – 240 USD/ton (-4 USD/ton within a week), corn – 280 USD/ton (+2 USD/ton within a week). Source: prices for wheat and barley are provided by the international Grain Council; corn prices –  according to experts of the grain market.

Federal Intervention Fund:

As of June 25, 2021, the volume of the grain is 112,2 thousand tons.

During the sales of grain from the reserves of the Federal intervention Fund in 2021, the total volume of exchange transactions as of June 25, 2021 amounted to 1 607,4 thousand tons in the amount of 19,172 million rubles, including the 3-class wheat – 802,4 thousand tons, the 4-class wheat – 684,6 thousand tons, wheat of the 5-class – 92,1 thousand tons, barley – 28,3 thousand tons.

Source: Ministry of Agriculture of the Russian Federation

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