Prices for Russian wheat with 12.5% protein content and for supply from Black Sea ports in December were at $317.5 a tonne free on board (FOB) on Friday evening, up $5.5 from a week earlier, IKAR said in a note.
Russia’s grain exports at 1.0 million tonnes last week were unchanged from the previous week, another consultancy, Sovecon said, citing port data.
“There are a lot of complaints both from exporters and domestic consumers about the lack of railcars,” it said.
Farmers have already planted winter grains on 17.5 million hectares, compared with 18.2 million hectares around the same date a year ago, the consultancy said.
Overall weather conditions remain fine for development of the winter crops, Sovecon said, adding that rains in the southern regions would improve crop conditions in this key winter wheat-producing region.
The harvesting of the current sunflower seeds crop lags badly, Sovecon said. Only 64% of the area has been harvested by now, while typically it is above 90% at this time of the year, it added.
Source: Reuters