Since the start of the new season 2021-2022 grain exports from Russia decreased to 16 million tons.
This is a whopping 37% less than the same period last year.
As the head of the Ministry of Agriculture of the Russian Federation Dmitry Patrushev noted, in 2021, approximately the same dynamics was observed. In less than 12 months, Russian exporters sent abroad 15% less agricultural products than a year earlier.
At the same time, in monetary terms, exports not only do not fall, but, on the contrary, are growing.
If in 2020 Russia earned $ 30.5 billion from agricultural exports, then this year this figure is already $ 35 billion. That is, there is significant growth.
Why is the natural export of agricultural products falling?
The main reason is that export duties reduce the willingness of manufacturers to sell their products abroad.
Recently, the market is often faced with the fact that duties are steadily increasing. For example, on December 15, the wheat export duty rate will rise from $ 84.9 to $ 91 per tonne.
What is the reason for the fall in wheat prices?
Currently, export prices for it continue to show a downward trend.
Almost all analytical agencies have recorded that over the past few days it has dropped even further.
For example, according to the Institute for Agricultural Market Studies (IKAR), the cost of Russian wheat for delivery at the end of this year fell by $ 3, to $ 334 per ton.
According to the Sovekon agency, the fall was $ 2, to $ 338 per ton. Rusagrotrans cites data of $ -2 and $ 335, respectively, Prozerno speaks of a decrease to $ 336 per ton.
The main reason for this decline is the decline in world prices. It, in turn, is caused by the positive forecast of the US Department of Agriculture, as well as encouraging data on the grain harvest in the southern hemisphere. The supply may grow on the market, which will lead to a decrease in prices.
Russian prices have also dropped slightly: within the country, wheat of 3-4 class has fallen in price by an average of 175 rubles per ton and currently costs about 15,100-15,200 rubles.
At the same time, the size of the export duty affects the domestic Russian prices the most.
However, at the moment it is tied to world prices, so domestic prices also reflect global dynamics.
