3 reasons why Russian farmers still like wheat
As of May 13, Russian farmers have seeded 4.1 mln ha of spring wheat. The seeding is catching up with the average pace on warmer weather after late spring which delayed the planting campaign in many regions. Despite the export tax we expect the country to increase the spring wheat area. Here’s why.
Russia’s spring wheat area is to rise this year
Russia’s spring wheat area is expected to rise this year despite export taxes and sluggish campaign start
Black Sea wheat sharply lower on new crop prospects, Russian farmers hope that the tax will be lifted in 2021
Last week, 12.5% wheat prices in deep-sea ports dropped $21 to $253/mt. Traders continued to report extremely low demand, global benchmarks moved lower.
Black Sea wheat prices lower on weak demand and good weather
Russian wheat prices in deep-sea ports dropped $9 to $274/mt (12.5%, FOB) on lack of demand and weaker global benchmarks
Russia: share of wheat in poor condition has fallen unprecedentedly
Share of Russia’s grain crops in poor condition has fallen to 7-9% since November when it was at 22%, a record high level for a decade.
Andrey Sizov speaks about Russian grain taxes and 2021 wheat crop
Q&A with Andrey about Russian grain taxes and 2021 wheat crop
The Black Sea 20/21 round-up: Good wheat crop and exports despite a disappointing start
The start of the 2020 wheat harvest campaign around the Black Sea was a disaster. Both Russia and Ukraine were reporting yields around 30% lower than a year ago after a prolonged dryness period in spring which damaged crops in the region substantially.
Russia’s wheat prices continue to rise; September exports could set a new record
Last week, 12.5% Russia’s wheat prices in deep-sea ports rose sharply, by $8, to $222/mt. The market was supported by strong demand from importers. Russian wheat starts to lose its competitive edge after the recent rally.
Russia planted record-high 29.4 mln ha of wheat
SovEcon has analyzed eagerly anticipated official data on the pre-harvest wheat area in Russia released by Russia’s statistical agency Rosstat on July 24.
Starting wheat yields in Russia are -45% YoY
Russia started to harvest the new winter wheat crop. Starting yields are low. As of June 29, the average yield is only 2.4 mt/ha (4.4 mt/ha a year ago).