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

Russian Grain Market: September 13 - 17, 2021 (Week 37)

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

Situation on the Russian Grain Market: September 13 – 17, 2021 (Week 37)

Domestic Grain Prices Development:

According to regional agribusiness management bodies, as of September 15, 2021, the average Russian prices for the 3-class wheat were 14 317 rubles/ton (+1.2 % within a week), for the 4-class wheat – 13 535 rubles/ton (+1.2 % within a week), for the 5-class wheat – 12 763 rubles/ton (+1.0% within a week), for feed barley – 12 328 rubles/ton (+1.4% within a week), for food rye – 9 901 rubles/ton (+2.8 % within a week), for corn – 13 209 rubles/ton (-0,8% 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 August&September), as of September 16, 2021: 9.2 million tons of grain crops were exported in the current 2021/2022 agricultural year, which is 21.2% lower than in the same period of the last season (11.7 million tons). The volume of the wheat exports for the season amounted to 7.8 million tons (18.1% lower than the same period of the 2020/2021 season), barley – 1.2 million tons (-30.9 %), corn – 0.1 million tons (-60.9 %).

As of September 16, 2021 FOB Novorossiysk prices:

For the Russian 4-class wheat (protein 12,5%) – 309 USD/ton (+2 USD/ton within a week), barley – 264 USD/ton (+4 USD/ton within a week), corn – 260 USD/ton (-12 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 September 17, 2021, the volume of the grain is 68.5 thousand tons for the amount of 707.0 million rubles..

During the sales of grain from the reserves of the Federal intervention Fund in 2020 – 2021, the total volume of exchange transactions as of September 17, 2021 amounted to 1 613,8 thousand tons in the amount of 19 241 million rubles, including the 3-class wheat – 802,5 thousand tons, the 4-class wheat – 690,8 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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