Competition with other suppliers has played a role.
According to the Sovekon analytical agency, the price of a ton of new crop wheat with a protein content of 12.5% and delivery in late July — early August 2021 last week was $ 246 ( FOB), having decreased by $ 4.5.
In Novorossiysk, according to the IKAR agency, this class of wheat fell by $ 7 to $ 249 per ton ( FOB).
At last week’s tender for the purchase of wheat, held by the Egyptian agency GASC, Russian sellers once again lost the competition to Romanian suppliers.
The Egyptian state-owned company bought 160 thousand tons of Romanian wheat at $ 242.9 per ton (FOB), the freight cost was $ 27.9 per ton.
The nearest offers for the price came from Ukraine: $ 247.8 per tonne (FOB).
Russian wheat was put up for tender at $ 249.8 per tonne (FOB).
On July 5, the agency GASC held another procurement tender, where Russian wheat already cost $ 240 per ton FOB (freight $ 27.7 per ton), which made it possible to become one of the winners with a volume of 60 thousand tons for delivery September 01-15, 2021
The state company purchased another 180 thousand tons of Romanian wheat from Viterra, CHS and Ameropa at a price of $ 237.84 per ton FOB (freight $ 32.7 per ton).
In the Rostov Region and Krasnodar Territory, according to recent information, the beginning of the harvest has shown very good results, which, of course, affected the cost of wheat.
In deep-water ports, the purchase price dropped to 13,400-13,700 rubles per ton (protein 12.5%) and experts expected a further decline, but as a result of the natural disasters that took place yesterday in the Krasnodar Territory and Crimea and the flooding caused by them, in some areas harvesting has been suspended in these regions, and crop losses are predicted.
