Content ID

336408

Russian wheat down with extension of the Black Sea export deal

* This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Nov 21 (Reuters) - Russian wheat prices fell last week amid an extension of the Black Sea deal allowing Ukrainian grain shipments, analysts said on Monday. Prices for Russian wheat with 12.5% protein content and for supply from Black Sea ports in December were at $314 a tonne free on board (FOB) on Friday evening, down $3.5 from a week earlier, the IKAR agriculture consultancy said in a note. Russia's grain exports at 1.03 million tonnes last week were unchanged from the previous week, another consultancy, Sovecon said, citing port data. Russia's agriculture ministry has already bought 1.74 million tonnes of grain from the domestic market for the state stockpile in the current July-June season, Sovecon added. Farmers have planted winter grains on 17.6 million hectares, compared with 18.3 million hectares around the same date a year earlier, the consultancy said. Weather conditions remain friendly for winter wheat, it added. Other Russian data provided by Sovecon and IKAR: Product: Price at the end Change from week of last week: earlier - Domestic 3rd class 12,700 rbls/t -125 rbls wheat, European part of Russia, excludes delivery (Sovecon) - Sunflower seeds 21,550 rbls/t +500 rbls (Sovecon) - Domestic sunflower 73,750 rbls/t unchanged oil (Sovecon) - Domestic soybeans 30,375 rbls/t +75 rbls (Sovecon) - Export sunflower $1,260/t -$40 oil (Sovecon) - Export sunflower $1,200/t -$50 oil (IKAR) - White sugar, $758.4/t -$9 Russia's south (IKAR) Harvesting data provided by Sovecon as of Nov. 17: All grains: Wheat Barley Corn Sunseeds Crop, mln tonnes 154.0 105.2 24.5 9.3 12.8 Crop, as of same 124.0 78.5 18.9 14.2 15.2 date in 2021 Yield, 3.38 3.60 3.09 5.88 1.80 tonnes/hectare Yield, as of same 2.75 2.82 2.40 5.45 1.60 date in 2021 Harvested area, 45.6 29.2 7.9 1.6 7.1 mln hectares Harvested area, 45.0 27.8 7.9 2.6 9.5 as of same date in 2021 * Russia's agriculture ministry has yet to publish detailed harvesting data for the current season. ** The harvesting data is by bunker weight, i.e. before drying and cleaning of the crop. (Reporting by Polina Devitt; Editing by Nick Macfie)

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