Rusagrotrans raised its forecast for wheat exports from Russia in March to 1.85 million tons

© сгенерировано ИИ

Rusagrotrans raised its forecast for wheat exports from Russia in March to 1.85 million tons from the previous 1.5-1.6 million tons. As of March 28, 1.5 million tons have already been exported. Export prices for Russian wheat (12.5% protein) decreased by $1 to $254 per ton (FOB). At the same time, the prices of competitors from the Northern Hemisphere fell more: Romanian wheat - $ 245, French - $ 239, American - $232 per ton. Argentine and Australian wheat rose to $247 and $250 per ton, respectively.

Prices in the domestic market showed multidirectional dynamics. In deep-water ports, they increased by 200 rubles to 17,700-17,800 rubles/ton (excluding VAT), in shallow water - by 100 rubles to 16,300-16,500 rubles/ton. CPT Novorossiysk prices decreased by 200 rubles to 18,100-18,650 rubles/ton. Regional prices for wheat of the 4th class (EXW elevator) were: in the south - 15,800-16300 rubles/ton, in the center - 15,700 - 16,100 rubles/ton, in the Volga region - 15,800-16,200 rubles/ton, in Siberia - 11,000-12,000 rubles/ton.

Purchasing activity remains low. The market is under pressure from forecasts of favorable rains in Russia and the United States, which will have a positive impact on crops.