The Ministry of agriculture of Russia plans from September 15 to zero export duty on wheat
the Ministry of agriculture of Russia has prepared a draft resolution, which is scheduled from September 15 to zero export duty on wheat. It is expected that these terms will continue to apply until July 1, 2018.
currently, exporters are holding back the export of Russian wheat in anticipation of the abolition of export duties. In the case of the adoption of this resolution on the world market will be large amounts of grain from Russia with quite high quality indicators. But it will certainly affect wheat quotations.
Manufacturers also do not hurry to sell wheat, because in this year grain protein 12.5% were collected only 16,9%, whereas in the last season of this wheat was of 27.3%. Almost unchanged, the share of wheat with protein 11.5 per cent in the current season she is 59% of the total, whereas a year ago this figure was equal to 55.7%.
However, the supply of high-quality wheat do not satisfy export demand, resulting in the elevators, located near the sea ports, for 1 ton of grain offering:
- feed wheat - 8100 rubles/ton.
- wheat with protein 12,5% - 11000 rubles/ton,
- wheat with protein 11.5% in 9500-10000 rubles/ton,
the Spread between high-quality food and fodder wheat as high as 25-30%.
In Ukraine, the price of a tonne of wheat has fallen to the level:
- feed wheat – UAH 3800-3850.
- wheat 2 KL protein at 12.5% - RS 4100,
- wheat 3 CL protein 11,5% - 3950-4000 UAH