AIRLINK 75.20 Decreased By ▼ -0.05 (-0.07%)
BOP 5.14 Increased By ▲ 0.03 (0.59%)
CNERGY 4.50 Decreased By ▼ -0.10 (-2.17%)
DFML 34.29 Increased By ▲ 1.76 (5.41%)
DGKC 89.90 Decreased By ▼ -0.45 (-0.5%)
FCCL 22.77 Decreased By ▼ -0.21 (-0.91%)
FFBL 33.05 Decreased By ▼ -0.52 (-1.55%)
FFL 9.91 Decreased By ▼ -0.13 (-1.29%)
GGL 11.11 Increased By ▲ 0.06 (0.54%)
HBL 115.20 Increased By ▲ 0.30 (0.26%)
HUBC 136.60 Decreased By ▼ -0.74 (-0.54%)
HUMNL 10.04 Increased By ▲ 0.51 (5.35%)
KEL 4.65 Decreased By ▼ -0.01 (-0.21%)
KOSM 4.72 Increased By ▲ 0.02 (0.43%)
MLCF 40.10 Decreased By ▼ -0.44 (-1.09%)
OGDC 141.31 Increased By ▲ 1.56 (1.12%)
PAEL 27.60 Decreased By ▼ -0.05 (-0.18%)
PIAA 25.15 Increased By ▲ 0.75 (3.07%)
PIBTL 6.85 Decreased By ▼ -0.07 (-1.01%)
PPL 124.30 Decreased By ▼ -1.00 (-0.8%)
PRL 27.40 Decreased By ▼ -0.15 (-0.54%)
PTC 14.12 Decreased By ▼ -0.03 (-0.21%)
SEARL 61.34 Decreased By ▼ -0.51 (-0.82%)
SNGP 72.32 Decreased By ▼ -0.66 (-0.9%)
SSGC 10.52 Decreased By ▼ -0.07 (-0.66%)
TELE 8.76 Decreased By ▼ -0.02 (-0.23%)
TPLP 11.48 Decreased By ▼ -0.25 (-2.13%)
TRG 66.74 Increased By ▲ 0.14 (0.21%)
UNITY 25.76 Increased By ▲ 0.61 (2.43%)
WTL 1.41 Decreased By ▼ -0.03 (-2.08%)
BR100 7,832 Increased By 29.5 (0.38%)
BR30 25,764 Decreased By -51.4 (-0.2%)
KSE100 74,773 Increased By 242.2 (0.32%)
KSE30 24,084 Increased By 129.4 (0.54%)

MOSCOW: Russian wheat export prices rose last week, after a decline the week before, driven by suppressed sales by farmers, a stronger rouble and improved wheat prices in Chicago and Paris, analysts said on Monday.

Russian wheat with 12.5% protein loading from Black Sea ports was at $253 a tonne free on board (FOB) at the end of last week, up $2 from the previous week, said Dmitry Rylko, the head of the IKAR agriculture consultancy.

SovEcon, another Moscow consultancy, said wheat had stayed at $253, while barley rose by $3 to $214 a tonne.

"We expect Russian wheat to remain relatively flat near term," SovEcon said.

Analysts said the lack of certainty surrounding the introduction of a grain export quota for January-June 2021 was supporting price increases. SovEcon said there had still been no official statements from Russia's agriculture ministry about export restrictions.

The weather last week was friendly for winter wheat, SovEcon said, but warned of a sharp drop to freezing temperatures starting from mid-November, which could negatively affect plants.

SovEcon analysts said they expected the rouble grain market to fall on weaker demand from exporters but that it was likely to remain in growth for the next one to two months.-Reuters

Comments

Comments are closed.