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Demand prices for Russian wheat with 12.5% protein for August delivery decreased by $3 last week to $237/t FOB, reported the analytical center "Rusagrotrans." Prices for French wheat decreased by $2 to $232/t, Romanian wheat by $7 to $238/t, Australian wheat by $1 to $255/t, and U.S. wheat by $3 to $216/t. Prices for Argentine wheat remained unchanged at $232/t. The price decrease occurred amid the acceleration of harvesting in Russia and Ukraine, an increase in the supply of new crop grain, and the absence of major tenders, analysts explain. The price for wheat with 12.5% protein in deep-water ports decreased by 200 rubles to 16,800-17,000 rubles/t excluding VAT. Average prices on shallow water decreased by 350 rubles to 15,500-15,800 rubles/t. The export price for Russian barley remained at $215/t FOB. Its price in deep-water ports increased by 600 rubles to 15,600-16,000 rubles/t excluding VAT. In the South, prices for 4th class wheat decreased by 100 rubles to 14,800-15,300 ...

Demand prices for Russian wheat with 12.5% protein for August delivery decreased to $237/t FOB (-$3/t). Prices for French wheat weakened to $232/t (-$2/t), for Romanian wheat to $238/t (-$7/t), for Australian wheat to $255/t (-$1/t), and for American wheat to $216/t (-$3/t). Prices for Argentine wheat remained unchanged at $232/t. The price decrease occurred against the backdrop of accelerated harvesting in Russia and Ukraine, an increase in the supply of new crop grain, and the absence of major tenders. According to preliminary data, Turkey purchased 225 thousand tons of barley at $233.80-237.20 C&F and $237.90-245/t EX-Antrepo (equivalent to $231.9-239/t C&F). Converted to FOB Novorossiysk, the price was approximately $217-220/t. The export price for Russian barley remained at $215/t FOB. The price in deep-water ports strengthened to 15,600-16,000 RUB/t without VAT (+600 RUB/t compared to the previous week). Rain in Central Russia over the next two weeks will hinder harvesting ...

Amid a noticeable decline in the export of agricultural products from Russia, Prime Minister Mikhail Mishustin tasked the Ministry of Agriculture with forming additional opportunities for expanding supplies abroad. According to experts, accomplishing this task will not be easy. It will require not just isolated measures, but a systemic reconfiguration of mechanisms. At a government meeting, Mishustin emphasized that Russia fully provides for itself with its grain. Moreover, Russia is a leader in supplying wheat and barley to the global market. However, the potential is even greater. It is important to fully realize it. Especially since the president has set a task to increase the export of Russian agricultural products by 1.5 times by 2030 (to the level of 2021). Increasing exports is also necessary for enhancing the competitiveness of the Russian economy. "We will continue to support farmers, expand port capacities, and create the necessary infrastructure for both storage and ...