Russia to export up to 5 mln tonnes of grain in August




The analytical center at Rusagrotrans JSC cut forecasts August grain export from Russia to reach 4.6-5 mln tonnes, up from July volume (2.3-2.4 mln tonnes), but down from the result of August 2020 (5.74 mln tonnes).

The Head of the center, Igor Pavensky told Interfax that the export would grow in August due to higher export prices and completion of the harvesting campaign of wheat and barley in southern regions.

“The crop can be record or close to record in Krasnodar and Stavropol Territories as well as in Rostov oblast”, - he said.

According to the center information, the export prices of Russian wheat (12.5% protein) increased by 5 USD/t in a week to 246 USD/t FOB August delivery. Previously they were nominally set at 247-248 USD/t. the prices increased due to the appreciation of wheat on the global market amid deterioration of spring wheat quality in the US on dry weather and in the EU on heavy rains. The prices of Russian barley grew by 8 USD/t to 213 USD/t FOB deep-sea ports August delivery.

I.Pavensky added that the growth of the export prices and the reserved farmers’ selling pushed the purchasing prices of wheat in deep-sea ports by 1200 RUR/t to 14600-15000 RUR/t (excl. VAT) as of the end of the last week. The purchasing prices in the shallow ports increased by 1350 RUR/t to 14200-14500 RUR/t.