MOSCOW: Russian wheat export prices declined gradually last week, as demand remained sluggish with the onset of the holiday season.
The price for Russian wheat with 12.5percent protein content for free-on-board (FOB) delivery at the beginning of February was USD226 a metric ton at the end of last week, down USD1 from the previous week, said Dmitry Rylko, head of the IKAR consultancy.
The Sovecon consultancy estimated the price for Russian wheat with 12.5 percent protein content at between USD228 and USD230 a ton FOB, the same level as a week earlier.
Sovecon also raised its export assessment of December wheat exports by 0.3 million tons compared to last week to 4.2 million tons.
IKAR stuck to estimated wheat exports in December of 4.5 million tons.
State statistical agency Rosstat reported at the end of last week that, according to preliminary data, Russia harvested 139.4 million tons of grain in 2025 including 91.4 million tons of wheat.
According to Rosstat data as of December 1, winter crops were sown on an area of 10.9 million hectares, or 2.8 percent less than last year.
The winter frosts that hit the European part of Russia last week, with temperatures reaching as low as minus 20 degrees Celsius (minus 4 Fahrenheit), have not yet forced analysts to change their forecasts for the 2026 harvest.
However, they may reconsider their expectations, IKAR’s Rylko said.
“The condition (of the crops) is not bad, but I would not relax,” he said, adding that southern Russia needs precipitation and the Volga region is experiencing significantly low temperatures.
Comments
Comments are closed for this article.