Volga Baikal AGRO NEWS Update on the Situation on the Russian Grain Market Development as of October 16, 2020 !!!

Situation on the grain market: October 12 - 16, 2020

Volga Baikal AGRO NEWS Update on the Situation on the Russian Grain Market Development as of October 16, 2020 !!!

Domestic Grain Prices Development:

According to the data of regional agricultural administrative bodies on 15.10.2020 average prices for 3rd class wheat amounted to 13 137 RUB/ton (+0.7% over the week), wheat of 4 class – 12 083 rubles/tonne (+1.7%), wheat 5 class – 11 343 RUB/ton (1.6% for week), for feed barley – 10 085 RUB/ton (1.6% for week), for the rye – 10 283 rubles/tonne (+2.3% per week).

Export Price and Volume Development:

According to operational data of the Federal customs service of Russia (excluding data on mutual trade with the EAEU member States for August, September and October), as of 15.10.2020, 16.0 million tons of grain were exported in the current 2020/2021 agricultural year, which is 3.5% higher than in the same period last season (15.4 million tons). The volume of wheat exports for the season amounted to 13.4 million tons, barley – 2.2 million tons, corn – 0.34 million tons.

As of October 15, 2020 FOB Novorossiysk prices:

For the Russian wheat of class 4 (protein 12.5) – 248 US dollars/ton (+5 US dollars/ton for the week), for barley – 204 US dollars/ton (unchanged for the week), for corn – 207 US dollars/ton (+10 US dollars/ton for the week). Source: prices of wheat and barley, the international grains Council, corn prices, according to experts of the grain market.

Federal Intervention Fund:

As of October 16, 2020, it is 248.9 thousand tons in the amount of 2,467. 8 million rubles (excluding sold but not shipped grain – 197.7 thousand tons). During the sale of grain from the reserves of the Federal intervention Fund in 2020, the total volume of exchange transactions as of October 15, 2020 amounted to 1,522. 3 thousand tons for the amount of 18,151 million rubles, including wheat of the 3rd class – 765.3 thousand tons, wheat of the 4th class – 644.4 thousand tons, wheat of the 5th class – 92.1 thousand tons, barley – 20.5 thousand tons.

Source: Ministry of Agriculture of the Russian Federation

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