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

Situation on the Russian Grain Market: March 14 - 18, 2022 (Week 11)

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

Situation on the Russian Grain Market: March 14 – 18, 2022 (Week 11)

Domestic Grain Prices Development:

According to regional agribusiness management bodies, as of March 16, 2022, the average Russian prices for the 3-class wheat were 15 438 rubles/ton (+1.2% within a week), for the 4-class wheat – 14 800 rubles/ton (+1.1% within a week), for the 5-class wheat – 14 153 rubles/ton (+1.2% within a week), for feed barley – 13 865 rubles/ton (0% within a week), for food rye – 12 492 rubles/ton (+1.5% within a week), for corn – 13 824 rubles/ton (+1.2% within a week).

As of March 17, 2022 FOB Novorossiysk prices:

For the Russian 4-class wheat (protein 12,5%) – 440 USD/ton (+35 USD/ton within 2 weeks), barley – 425 USD/ton (+115 USD/ton within 2 weeks), corn – 330 USD/ton (+10 USD/ton within 1 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 March 18, 2022, the volume of the grain is 60.5 thousand tons for the amount of 620.2 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 March 18, 2022, amounted to 1 621,7 thousand tons in the amount of 19 358 million rubles, including the 3-class wheat – 810,5 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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