Kommersant: the price of Russian wheat reached its highest level since the end of 2014


MOSCOW, 7 Aug. /Basereporter.com/. Average export prices for Russian wheat rose last week by $15 to $231,5 per ton (FOB), according to the newspaper “Kommersant” with reference to “Sovekon”.

According to the remark of analysts, the newspaper, the quotations reached the highest level since the end of 2014.

According to the Institute for agricultural market studies (IKAR), Russian wheat last week rose $11, to $234 per ton. At $232 per ton estimates the average level of quotations of the General Director of “Prozerno” Vladimir Petrichenko.

First and foremost, the Director of “Sovekon” Andrey Sizov, the growth is strengthening in the global markets.

Also, according to the analyst, purchasing prices for wheat in deep-water ports last week rose from 10,5-11,1 thousand roubles to 11.2-11.7 thousand rubles per ton.

According to forecasts Sizova, wheat prices may decline before the publication of the US Department of agriculture (USDA) new report with the forecast of grain harvest in key markets.

According to the remark Rylko, wheat rose in price on the background of lower forecasts of grain harvest in Europe and problems with the quality of the Russian crop, and these factors are largely exhausted. If other negative news in the near future will not, he points out, the growth of world prices for wheat will slow down.

Petrichenko, in turn, is sure that the quotes can be higher than the current level.

According to the Ministry of agriculture, for July 2018 from Russia were shipped 3.8 million tons of wheat, 2.4 times exceeded the same indicator of last year. Total exports of grain this month reached 4,73 million tons, an increase of 1.8 times year-on-year.

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