AIRLINK 75.20 Increased By ▲ 1.50 (2.04%)
BOP 4.90 No Change ▼ 0.00 (0%)
CNERGY 4.45 Decreased By ▼ -0.07 (-1.55%)
DFML 43.40 Decreased By ▼ -1.48 (-3.3%)
DGKC 84.65 Decreased By ▼ -0.85 (-0.99%)
FCCL 21.24 Decreased By ▼ -0.16 (-0.75%)
FFBL 32.47 Decreased By ▼ -0.04 (-0.12%)
FFL 9.50 Decreased By ▼ -0.09 (-0.94%)
GGL 10.16 Decreased By ▼ -0.11 (-1.07%)
HASCOL 6.97 Decreased By ▼ -0.16 (-2.24%)
HBL 114.50 Decreased By ▼ -0.20 (-0.17%)
HUBC 139.10 No Change ▼ 0.00 (0%)
HUMNL 12.17 Decreased By ▼ -0.25 (-2.01%)
KEL 4.95 Decreased By ▼ -0.08 (-1.59%)
KOSM 4.40 Decreased By ▼ -0.05 (-1.12%)
MLCF 37.25 Decreased By ▼ -0.35 (-0.93%)
OGDC 134.05 Decreased By ▼ -2.75 (-2.01%)
PAEL 25.25 Decreased By ▼ -0.14 (-0.55%)
PIBTL 6.64 Decreased By ▼ -0.05 (-0.75%)
PPL 119.15 Decreased By ▼ -1.85 (-1.53%)
PRL 26.36 Decreased By ▼ -0.23 (-0.86%)
PTC 13.79 Decreased By ▼ -0.31 (-2.2%)
SEARL 56.99 Decreased By ▼ -0.31 (-0.54%)
SNGP 66.94 Decreased By ▼ -1.06 (-1.56%)
SSGC 10.32 Decreased By ▼ -0.10 (-0.96%)
TELE 8.33 Decreased By ▼ -0.12 (-1.42%)
TPLP 10.90 Decreased By ▼ -0.08 (-0.73%)
TRG 62.90 Decreased By ▼ -0.44 (-0.69%)
UNITY 27.00 Decreased By ▼ -0.05 (-0.18%)
WTL 1.35 Decreased By ▼ -0.03 (-2.17%)
BR100 7,916 Decreased By -24.8 (-0.31%)
BR30 25,413 Decreased By -234.4 (-0.91%)
KSE100 75,336 Decreased By -181.2 (-0.24%)
KSE30 24,191 Decreased By -86.9 (-0.36%)

Russian wheat export prices fell further last week with brighter prospects for the upcoming 2019 crop and low trade activity ahead of Russia's long May holiday, analysts said on Monday. Favourable weather during spring grain sowing in Black Sea producers Russia and Ukraine is increasing the chances of another large grain harvest due to healthy levels of soil moisture, analysts and traders said last week.
Black Sea prices for Russian wheat with 12.5 percent protein content for delivery in May were $211 per tonne on a free on board (FOB) basis at the end of last week, down $10 from a week earlier, Russian agricultural consultancy IKAR said. SovEcon, another Moscow-based consultancy, said FOB wheat prices were down $5 to $219 a tonne. Russia has public holidays for most of the first nine days of May.
Russia exported 38.5 million tonnes of grain between the start of the season on July 1 and April 25, down 10 percent from a year ago, SovEcon said. That included 32.3 million tonnes of wheat, down 4 percent from a year ago. Domestic prices for third-class wheat fell 25 roubles to 12,125 roubles ($188) a tonne at the end of last week in the European part of Russia on an ex-works basis, SovEcon said. Ex-works supply does not include delivery costs.
By April 26, farmers had sown spring grains on 19.7 percent of the planned area, or 5.7 million hectares, compared with 3.2 million hectares a year ago, the agriculture ministry said. Russia's spring grain sowing was delayed last year by a late spring. Russia's agriculture ministry continued to sell grain from its stockpile last week, offloading 11,340 tonnes of wheat. It has sold 1.77 million tonnes of grain, including 1.49 million tonnes of wheat since the start of this marketing year.
Sunflower seed prices were down 75 roubles to 18,575 roubles a tonne, while domestic sunflower oil prices were flat at 42,000 roubles a tonne, SovEcon said. Sunflower oil export prices fell $5 to $655 a tonne. IKAR said its white sugar price index for southern Russia fell by $9.4 to $494.7 a tonne from a week earlier.

Copyright Reuters, 2019

Comments

Comments are closed.