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According to IAKR, an agricultural consulting agency in Moscow, as of September 10, the FOB price of 12.
5% of Russian protein wheat at the Black Sea port was US$300 per ton.
It was supplied in early October, an increase of US$0.
50 from a week ago
.
5% of Russian protein wheat at the Black Sea port was US$300 per ton.
It was supplied in early October, an increase of US$0.
50 from a week ago
.
Another Moscow-based consulting firm SovEcon said that the price of wheat in Russia rose by US$2 from the previous week to US$303 per ton, while the price of barley remained stable at US$260 per ton
.
SovEcon said that Russian wheat continues to lose competitiveness, but export tariffs are unpredictable, making it impossible for exporters to cut prices
.
.
SovEcon said that Russian wheat continues to lose competitiveness, but export tariffs are unpredictable, making it impossible for exporters to cut prices
.
Since June, the Russian government has adjusted export tariffs every week
.
From September 15 to 21, Russia’s wheat export tariffs were raised to US$52.
5 per ton, higher than the current US$46.
50
.
The benchmark price used to calculate the tariff is still lower than the actual FOB price
.
SovEcon said that tariffs are still a big uncertainty for wheat, and exporters face risks when they provide prices
.
.
From September 15 to 21, Russia’s wheat export tariffs were raised to US$52.
5 per ton, higher than the current US$46.
50
.
The benchmark price used to calculate the tariff is still lower than the actual FOB price
.
SovEcon said that tariffs are still a big uncertainty for wheat, and exporters face risks when they provide prices
.
At the same time, domestic wheat prices in Russia have fallen because farmers’ sales have become more active
.
Some farmers believe that under the current wheat export tariffs, the room for wheat prices to rise is very limited
.
Some farmers may need to free up storage space for other crops
.
.
Some farmers believe that under the current wheat export tariffs, the room for wheat prices to rise is very limited
.
Some farmers may need to free up storage space for other crops
.
