 Home > Food News > Food Articles > Analysts say Russia is gradually resuming Black Sea wheat exports 　

Analysts say Russia is gradually resuming Black Sea wheat exports 　

 Last Update: 2022-04-17
 Source: Internet
 Author: User

Tags

mushroom high protein

high quality protein

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Foreign media, March 14: Russia is gradually resuming wheat exports from Black Sea ports , but shipping in the Sea of Azov remains restricted , a Russian analyst agency said on Monday
.

All five of Russia's Black Sea (grain export) terminals continue to export, according to Moscow-based IKAR consultancy
.

IKAR reports that Russian wheat prices remain very volatile
.
On Friday (March 11), the FOB price of Russian 12.
5% protein wheat at Black Sea ports was $415 per ton
.
For comparison, the last wheat price was $312 a tonne before the outbreak of the Russian-Ukrainian conflict on February 24
.
The FOB price for Russian wheat exports fell in February to the lowest level since October 2021 at $313 a tonne, according to another Moscow-based consultancy, SovEcon
.

Chicago wheat futures, the international benchmark, have hit a 14-year high since Feb.
24, up more than 50 percent
.
Friday's close was up 25% from its Feb.
23 close
.

Russia's Black Sea terminals were loaded with 400,000 tonnes of wheat last week and ships were moving in and out of the port, SovEcon said
.
But the Sea of Azov remains closed to navigation
.
Some ships began to pass through the Kerch Strait (to the Black Sea)
.

　　Due to strong demand from exporters and the domestic market, as well as soaring international wheat prices, Russian farmers began to refuse to honor previously signed wheat contracts
.

　　Last week Russia decided to suspend grain exports to the Eurasian Economic Union
.
In addition, railroad grain shipments from Siberia to Kazakhstan were also unofficially restricted
.

　　The Russian Ministry of Agriculture set the wheat export tax from March 16 to 22 at $86.
3 a ton
.

　　Cold snaps are expected in several Russian winter wheat-producing regions this week, but snow cover helps provide protection, SovEcon said
.

wheat export

　　All five of Russia's Black Sea (grain export) terminals continue to export, according to Moscow-based IKAR consultancy
.

　　Chicago wheat futures, the international benchmark, have hit a 14-year high since Feb.
24, up more than 50 percent
.
Friday's close was up 25% from its Feb.
23 close
.

　　Due to strong demand from exporters and the domestic market, as well as soaring international wheat prices, Russian farmers began to refuse to honor previously signed wheat contracts
.

　　Last week Russia decided to suspend grain exports to the Eurasian Economic Union
.
In addition, railroad grain shipments from Siberia to Kazakhstan were also unofficially restricted
.

　　The Russian Ministry of Agriculture set the wheat export tax from March 16 to 22 at $86.
3 a ton
.

　　Cold snaps are expected in several Russian winter wheat-producing regions this week, but snow cover helps provide protection, SovEcon said
.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.