MOSCOW:
Russian wheat export prices have risen for the ninth consecutive week,
reflecting stronger global markets, analysts said on Monday.
US
wheat rose on Monday to hit an 11-day high as expectations for reduced
plantings and fears of continued dry weather pushed the grain to its
longest unbroken rally in three weeks.
Black Sea
prices for Russian wheat with 12.5 percent protein content for November
supply were at $183 a tonne on a free-on-board (FOB) basis at the end
of last week, up $2 from a week earlier, Russian agricultural
consultancy IKAR said.
SovEcon,
another Moscow-based consultancy, quoted FOB wheat prices up $3 to
$182.5 a tonne and maize (corn) prices up $2 to $171 per tonne.
Russia
exported 14.8 million tonnes of grains, including 11.7 million tonnes
of wheat, between July 1 and Nov. 16, the agriculture ministry said. The
pace of grain exports was down 4.6 percent year-on-year.
Domestic
prices for third-class wheat were up 150 roubles on the week at 10,725
roubles ($166.5) a tonne in the European part of Russia on an ex-works
basis, according to SovEcon. Ex-works supply does not include delivery
costs.
New-crop sunflower seed prices rose 525
roubles to 20,175 roubles a tonne, SovEcon said. Domestic sunflower oil
prices added 175 roubles and reached 48,675 roubles, while export oil
prices were down $5 at $755 a tonne.
IKAR's white sugar price index for southern Russia fell $28.5 last week to $539 a tonne as of Nov. 18.
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