Wheat prices sharply up as Russia introduced new restrictions
Wheat prices sharply higher after Russia’s tax news
Russian wheat tax and quota – market implications
Russia is introducing a flat wheat export tax of 25 EUR/mt (EURUSD = 1.21). What does that mean for global wheat market?
Russian wheat flat, grain processors lobby for export tax
Russian export market remains relatively flat. 12.5% wheat prices in deep-sea ports declined by $1 to $253/mt. The market continues to watch the weather in the Black Sea and follow closely a discussion about potential export restrictions.
Russian wheat is slightly higher on firm domestic market
Russian export prices were slightly higher this week, supported by the domestic market. 12.5% wheat prices in deep-sea ports rose $1 to $254/mt, in shallow ports were up $2 to $235/mt.
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.
Russian wheat FOB prices are down following global benchmarks
12.5% wheat prices continue to creep lower, last week they were down $1 again to $193 (FOB deep sea) on …
Russian wheat traders face a tough start to the season
Russia’s traders face a tough start of the new export season. Farmers remain slow sellers, the ruble is strong and new crop outlook is deteriorating. July wheat exports are projected at 3.1 MMT, -18% YoY.
Russian wheat prices remain flat despite volatile global benchmarks
In June, Russian export prices were mostly flat. 12.5% FOB remains slightly below $200/mt. On one hand, prices were supported …
Russian FOB wheat prices are on the rise
New crop Russian wheat prices are rising following global benchmarks. As of June 5, 12.5% wheat with July delivery is traded around $197/mt (FOB deep sea ports) which is around 9% higher than a month ago.
Russian FOB wheat prices were declining in April
Russian FOB wheat prices were declining in April. As of the end of the month, 12.5% wheat with the nearest delivery is traded around $218-219/mt. This is 3.5% lower than at the beginning of the month.