In Russia domestic wheat prices fell in anticipation of the new duties and after world

the price of wheat on domestic market down in anticipation of the new duties and after world quotations.

According to Rusagrotrans, export prices for Russian wheat with protein 12.5% down on the $2.5/t to 290-295 $/t FOB for deliveries in February, and up to $300/t for the March.

Earlier bid fell to 280-285 $/t as Turkey in the last tender of the planned 400 thousand tons purchased only 95 thousand tons of wheat, including Russian, and acquired Algeria, Tunisia and Jordan wheat total capacity of 1.3 million tons had only the European and possibly also of Argentine origin.

the Purchase prices for wheat 4 cells with the protein of 12.5% for the week decreased in deepwater ports to 17.2 thousand rubles/t (one year ago they accounted for 13.7 thousand rubles/t), while in the dry year to 16.2 thousand rubles/t (last year 12.6 thousand rubles/t).

amid falling prices producers are holding back sales, especially given the rapid rise in prices of sunflower. Wheat buy mainly the processors, but the small volume of proposals.

Following the prices in the ports in the South of the prices for wheat 4 cells with the protein of 12.5% over the week declined by 1.1 thousand rubles/t to 16-16,2 thousand rubles/ton, and in the center – 850 RUB/t to 14.1-14.6 thousand rubles/t

In Siberia, the prices have not changed as buyers from Kazakhstan offer prices higher than the domestic market. In addition, the increased demand from customers from Central and North-West after the introduction of subsidies for rail transportation of grain.

Rusagrotrans " has increased the forecast of grain exports in January from 3.5 to 3.8 million tonnes, including wheat – from 3 to 3.4 million tonnes On January 27, exported 3.2 million tonnes of grain, of which wheat and 2.9 million tons of Shipping restrain periodic storms, although the exporters are trying until February 15, to export as much grain. The forecast of grain exports in February increased from 2.3 to 2.6 mln tonnes, including wheat – from 1.9 to 2 million tonnes.

Recall that the export duty on wheat from February 15 will be 25 €/t, and from 1 March to 50 €/t. Also from March 15 introduces a duty on the export of corn 25 €/t and barley at €10/t Fees will apply from 15 February to 30 June 2021 within the quota for exports of 17.5 million tonnes of grain.