ANL 35.99 Increased By ▲ 0.34 (0.95%)
ASC 14.77 Decreased By ▼ -0.03 (-0.2%)
ASL 25.70 Increased By ▲ 0.85 (3.42%)
AVN 91.50 Increased By ▲ 0.25 (0.27%)
BOP 7.79 No Change ▼ 0.00 (0%)
BYCO 10.30 Increased By ▲ 0.15 (1.48%)
DGKC 125.05 Increased By ▲ 0.80 (0.64%)
EPCL 57.40 Increased By ▲ 0.90 (1.59%)
FCCL 24.40 Increased By ▲ 0.24 (0.99%)
FFBL 28.70 Decreased By ▼ -0.10 (-0.35%)
FFL 16.15 Increased By ▲ 0.05 (0.31%)
HASCOL 9.77 Increased By ▲ 0.05 (0.51%)
HUBC 79.00 Decreased By ▼ -0.25 (-0.32%)
HUMNL 6.78 Increased By ▲ 0.15 (2.26%)
JSCL 20.75 Increased By ▲ 0.05 (0.24%)
KAPCO 40.28 Increased By ▲ 0.03 (0.07%)
KEL 3.81 No Change ▼ 0.00 (0%)
LOTCHEM 16.52 Increased By ▲ 0.32 (1.98%)
MLCF 46.90 Increased By ▲ 0.41 (0.88%)
PAEL 35.30 Increased By ▲ 0.06 (0.17%)
PIBTL 10.38 Increased By ▲ 0.03 (0.29%)
POWER 9.30 Increased By ▲ 0.13 (1.42%)
PPL 86.00 Increased By ▲ 0.65 (0.76%)
PRL 25.45 Increased By ▲ 0.45 (1.8%)
PTC 10.13 Increased By ▲ 0.41 (4.22%)
SILK 1.23 Decreased By ▼ -0.01 (-0.81%)
SNGP 41.69 Increased By ▲ 1.19 (2.94%)
TRG 165.80 Increased By ▲ 2.90 (1.78%)
UNITY 30.99 Decreased By ▼ -0.06 (-0.19%)
WTL 1.48 Increased By ▲ 0.06 (4.23%)
BR100 4,872 Increased By ▲ 35.67 (0.74%)
BR30 25,842 Increased By ▲ 207.24 (0.81%)
KSE100 45,259 Increased By ▲ 210.6 (0.47%)
KSE30 18,538 Increased By ▲ 101.98 (0.55%)

Coronavirus
VERY HIGH
Pakistan Deaths
15,754
13524hr
Pakistan Cases
734,423
468124hr
Sindh
269,840
Punjab
255,571
Balochistan
20,499
Islamabad
67,491
KPK
101,045
Markets

Russian wheat export prices down after losing major tender

  • Pace of Russian wheat exports down sharply.
  • Rally in sunflower oil prices continues.
15 Mar 2021

MOSCOW: Russian wheat export prices fell for the second consecutive week last week after the Russian origin lost a major tender in Egypt and due to lower prices in Chicago, analysts said on Monday.

Egypt, the second largest buyer of Russian wheat after Turkey, bought 360,000 tonnes of Romanian wheat last week. Russia imposed high wheat export tax from March 1, and the pace of its exports is down sharply.

Russian wheat with 12.5% protein loading from Black Sea ports for supply in March was at $280 a tonne free on board (FOB) at the end of last week, down $5 from the previous week, agriculture consultancy IKAR said.

Sovecon, another consultancy, said wheat prices fell by $2 to $283, while barley rose by $2 to $254.

The pace of barley and corn exports was up since the start of March ahead of an export tax for them, which Moscow launched on Monday.

Sovecon believes the recent cold weather in part of Russia's Volga and the Black Earth regions has had a damaging effect on the winter grain sowings. It plans to update its estimate for Russia's 2021 grain crop within a few days.