Russia's “Kommersant” quoted data from the ProZerno agency as reporting that due to port attacks curbing exports and sales blocking, Russian wheat and barley prices have fallen by 8% to 14.5% since mid-July, reaching a year-on-year decline of 17.8% to 20.1%. As of July 31, the price of third-grade wheat was 13,500 rubles per ton, down 11.3% since Azov shipping restrictions were imposed on July 10; fourth-grade wheat fell 14.5% to 12,200 rubles per ton. According to SoveCon, some producers were forced to sell at a price of 8,000-9,000 rubles per ton, compared to 14,000-15,000 rubles a few weeks ago; the production break-even point is around 10,000 rubles per ton. In July, wheat exports fell 17%-24% year on year to 1.6 million to 1.8 million tons; barley exports plummeted 82% year on year to only 101,000 tons.
Zhitongcaijing · 3d ago
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Russia's “Kommersant” quoted data from the ProZerno agency as reporting that due to port attacks curbing exports and sales blocking, Russian wheat and barley prices have fallen by 8% to 14.5% since mid-July, reaching a year-on-year decline of 17.8% to 20.1%. As of July 31, the price of third-grade wheat was 13,500 rubles per ton, down 11.3% since Azov shipping restrictions were imposed on July 10; fourth-grade wheat fell 14.5% to 12,200 rubles per ton. According to SoveCon, some producers were forced to sell at a price of 8,000-9,000 rubles per ton, compared to 14,000-15,000 rubles a few weeks ago; the production break-even point is around 10,000 rubles per ton. In July, wheat exports fell 17%-24% year on year to 1.6 million to 1.8 million tons; barley exports plummeted 82% year on year to only 101,000 tons.
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