The Sizov Report blog

Russian 9 mmt wheat quota looks non-disruptive to exports, says SovEcon

Russian wheat exports have been growing in recent weeks. According to customs, as of the week ended November 17, 0.82 …

Russian wheat prices hit a fresh high, the domestic inflation is becoming an important factor

Excessive export taxes will hit the farmers’ ability to invest in production and stifle output

Last week, 12.5% wheat prices in deep-sea Russian ports rose $2 to $303/mt, the new seven years high. Russian wheat continues to lose its competitive edge but hardly predictable export tax doesn’t allow exporters to lower prices.

Prices for Russian wheat with 12.5% ​​protein at the end of last week have strengthened by $3 to $301/mt FOB deep-water ports. This is the highest price level since April 2014.

Egyptian GASC is holding a wheat tender on April 6 for August shipment. We believe that the Egyptian firm could return to the market to test how the new Russian floating tax will affect offers. Andre explains how it’s calculated.

Q&A with Andrey about Russian grain taxes and 2021 wheat crop

Russian wheat export forecast upped on record shipments and expected bigger supply

Last week, wheat ruble prices were higher again in Russia’s market, supported by sluggish farmers’ sales. The government tries to encourage farmers to sell more aggressively.