Due to higher prices, Russia increases wheat export
the Growth of export prices for wheat with protein of 12.5% to the level 205-208 $/t FOB Novorossiysk has boosted wheat exports from Russia, even despite poor production forecasts.
According to the FCS of Russia, as of July 18, in the 2018/19 season, the country exported 2,073 million tonnes of grain, almost twice the figure of the corresponding period of the previous season 1,098 million tons.
In comparison with the same period last MG in the 2018/19 season
barley export grew by 1.7 times up to 464 thousand tons,
corn exports fell by 43.5% to 168 thousand tons.
- wheat exports grew by 2.7 times-up to 1,428 million tonnes,
Ukraine in the new season exported 891 thousand tons of grain, in particular:
barley 269 thousand tons,
corn – 344 thousand tons.
- wheat - 278 thousand tons,
in addition, according to the agriculture Ministry, the world markets were sold 1.9 thousand tons of flour.
Poor export growth early in the season was due to the low demand for wheat on the eve of entering the markets of the new crop. However, continuous rainfall, delayed harvesting and the predictions of deterioration in the quality of wheat dramatically increased demand. The volume of deliveries to the ports have dropped significantly, and farmers in anticipation of further growth of prices stopped sales until the completion of cleaning.