During this period, 1.520 thousand tons of grain were shipped through the seaports of Russia.
Compared to the same period in 2020, the decline was 30%.
At the same time, only 423 thousand tons of wheat were exported — 72% less than last year.
From March 1, 2021, the export duty on the export of wheat increased to 50 euros per ton, which led to a decrease in the activity of market participants.
The charts clearly show that the volume of shipped wheat not only dropped significantly in quantity, but also left the first place in the ranking of exported grains.
March 1-15, 2021
March 1-15, 2020
525.770 tons of grain were exported through the grain terminals of Novorossiysk, which is 40% less than the same period last year.
Of these, only 154.053 tons of wheat, which is 79% less than the volumes shipped on March 1-15, 2020.
Against the background of the current situation, export prices for Russian wheat continue to fall.
In the Black Sea ports, FOB prices for Russian wheat with 12.5% protein with delivery in March, according to the IKAR agency, dropped by $ 5 to $ 280 / ton over the week.
The price reduction was influenced by the last passed tender GASC , where the Romanian wheat was purchased.
It is noteworthy that the supply contract was signed with Grainexport SA, a member of the OZK group (United Grain Company).
This is the first tender in 2021 won by Grainexport SA, as well as the first tender in the history of the company won with wheat of non-Russian origin.
OZK is a state grain operator and agent for government procurement and commodity interventions. The company also performs the functions of organizing the safety of grain from the State Intervention Fund and its implementation according to the orders of the Ministry of Agriculture and the Government of the Russian Federation.
Analytics based on Ratings and Export Data applications
