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

Situation on the Russian Grain Market: March 21 - 25, 2022 (Week 12)

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

Situation on the Russian Grain Market: March 21 – 25, 2022 (Week 12)

Domestic Grain Prices Development:

According to regional agribusiness management bodies, as of March 23, 2022, the average Russian prices for the 3-class wheat were 15 824 rubles/ton (+2,5% within a week), for the 4-class wheat – 14 960 rubles/ton (+1.1% within a week), for the 5-class wheat – 14 470 rubles/ton (+2,2% within a week), for feed barley – 14 096 rubles/ton (+1,7% within a week), for food rye – 12 897 rubles/ton (+3,2% within a week), for corn – 13 895 rubles/ton (+0,5% within a week).

As of March 24, 2022 FOB Novorossiysk prices:

For the Russian 4-class wheat (protein 12,5%) – 420 USD/ton (-20 USD/ton within 2 weeks), barley – 425 USD/ton (no change), corn – 350 USD/ton (+20 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 25, 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 25, 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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