Latest news with #Rusagrotrans
Business Recorder
13-05-2025
- Business
- Business Recorder
Russian wheat prices flat
MOSCOW: Russian wheat export prices were unchanged last week amid low market activity, analysts said. The price for Russian wheat with 12.5% protein content for free-on-board (FOB) delivery in early April remained at $247 per metric, as the week before, said Dmitry Rylko, head of the IKAR consultancy. 'The market is very sluggish', he said. Russia had a three-day working week last week due to public holidays. IKAR and Rusagrotrans rail carrier estimated April wheat exports at 2.3 million tons. May exports are expected at 1.8 to 2.0 million tons, Rylko said. Analysts at IKAR and Rusagrotrans noted an increase in April shipments to Turkey, Iran, Egypt and Libya. IKAR last week raised wheat production and export forecasts for this season. Nevertheless, spring frosts in the centre of the country have led to the destruction of some crops. The Voronezh region announced on Monday that it was preparing to declare a state of emergency. The sugar industry lobby, Soyuzrossakhar, reported that about 12% of sugar beet crops were lost due to cold snaps in April-May.
Business Recorder
05-05-2025
- Business
- Business Recorder
Russian wheat prices down as new crop approaches market
MOSCOW: Russian wheat export prices fell last week as the new crop approached the market, with no confirmation of significant crop damage from past frosts, analysts said. The price for Russian wheat with 12.5% protein content for free-on-board (FOB) delivery late March to early April down $2 to $247 per metric ton compared with the previous week, said Dmitry Rylko, head of the IKAR consultancy. The Sovecon consultancy estimated prices for Russian wheat with 12.5% protein content at between $249 and $250 per ton FOB for the middle of last week, compared with $249-$251 last week. New crop offers are around $234–235 per ton. Sovecon raised its estimate for April wheat exports by 0.1 million tons to 2.3 million tons, still substantially lower than the 4.6 million tons exported in April 2024. Trading activity on the domestic market is expected to remain limited during the first half of May, with May Day and Victory Day holidays in Russia on May 1–2 and May 8–9, the agency wrote in a weekly note. IKAR has not yet changed its export estimates over 2.1 million tons for April wheat exports. Rusagrotrans rail carrier raised its April export estimate to 2.3 million tons from 1.9 million tons due to stronger demand from Turkey, which shipped 355,000 tons in April, 2.3 times more than in March, and Iran with 270,000 tons (1.9 times more). The forecast for May exports is about 1.9 million tons. Sovecon last week raised its forecast for Russia's wheat export for the 2024/2025 and 2025/26 season, noting that under current circumstances it does not expect a significant acceleration of exports. IKAR and SovEcon analysts do not believe that short-term frosts in the European part of the country were able to significantly damage crops.
Business Recorder
05-05-2025
- Business
- Business Recorder
Russian wheat prices down last week as new crop approaches the market
MOSCOW: Russian wheat export prices fell last week as the new crop approached the market, with no confirmation of significant crop damage from past frosts, analysts said. The price for Russian wheat with 12.5% protein content for free-on-board (FOB) delivery late March to early April down $2 to $247 per metric ton compared with the previous week, said Dmitry Rylko, head of the IKAR consultancy. The Sovecon consultancy estimated prices for Russian wheat with 12.5% protein content at between $249 and $250 per ton FOB for the middle of last week, compared with $249-$251 last week. New crop offers are around $234–235 per ton. Sovecon raised its estimate for April wheat exports by 0.1 million tons to 2.3 million tons, still substantially lower than the 4.6 million tons exported in April 2024. Trading activity on the domestic market is expected to remain limited during the first half of May, with May Day and Victory Day holidays in Russia on May 1–2 and May 8–9, the agency wrote in a weekly note. Russian wheat prices steady IKAR has not yet changed its export estimates over 2.1 million tons for April wheat exports. Rusagrotrans rail carrier raised its April export estimate to 2.3 million tons from 1.9 million tons due to stronger demand from Turkey, which shipped 355,000 tons in April, 2.3 times more than in March, and Iran with 270,000 tons (1.9 times more). The forecast for May exports is about 1.9 million tons. Sovecon last week raised its forecast for Russia's wheat export for the 2024/2025 and 2025/26 season, noting that under current circumstances it does not expect a significant acceleration of exports. IKAR and SovEcon analysts do not believe that short-term frosts in the European part of the country were able to significantly damage crops. Winter wheat regions are expected to stay mostly dry this week, Sovecon analysts noted.
Russia Today
11-03-2025
- Business
- Russia Today
Russian food exports to Africa increase 19%
Russian agricultural exports to African nations surpassed $7 billion in 2024, marking a 19% increase from the previous year, the export department of the Russian Ministry of Agriculture reported on Monday. Russian food products were exported to 45 African countries last year, with Egypt remaining the largest importer of Russian wheat. Additionally, Russia exported sunflower and soybean oil, legumes, flax seeds, yeast, and other products to the country. Algeria ranked second in terms of Russian food imports. It was followed by Libya, Kenya, and Tunisia, according to data from Agroexport. Cereals – mainly wheat, barley, and corn – accounted for 87% of all food shipments to the continent. Dairy product exports also saw significant growth last year. 'In the 2023/2024 season, African countries imported 21.2 million tons of wheat, accounting for 38% of Russia's total wheat exports and setting a record high. For comparison, 17.6 million tons were imported in the 2022/2023 season, and 10.6 million tons in the 2021/2022 season. Over the past five years, Africa's share has remained steady at around 40%, except for the 2022/2023 season, when it dropped to 35%,' said Igor Pavensky, head of the analysis department at Rusagrotrans, a railway infrastructure operator company. African countries already account for more than 50% of Russia's total wheat exports in the current season, with 18 million tons being shipped from July to February. The increase is driven by rising exports to Egypt, Algeria, Libya, and Morocco, as well as Kenya, Nigeria, Tanzania, Mozambique, Ethiopia, and other countries, Pavensky noted. In January, Eduard Zernin, chairman of the Russian Union of Grain Exporters, highlighted Africa's rising demand for Russian grain, attributing it to high quality and competitive pricing. 'In the current 2024-25 season, [Russian] exports to Morocco and Nigeria have already increased significantly. Kenya, which is already one of the main importers of Russian grain, is also expanding its volumes,' he reported. By the end of last year, Russia had overtaken France as Morocco's top grain supplier due to competitive pricing and France's limited supply, according to Ruslan Khasanov, head of the Center of Grain Quality Assurance, Russia's grain quality watchdog. Omar Yacoubi, head of the Moroccan National Federation of Grain and Legume Traders, told Reuters in October that France lacks sufficient supply, while Russia's competitive pricing has positioned it as the key 'market maker.' In April, Russian President Vladimir Putin called for a 50% increase in agricultural exports by 2030 compared to 2021 levels, which totaled $37 billion.
Zawya
20-02-2025
- Business
- Zawya
Egypt boosted Russian grain purchases by 38% in 2025, watchdog says
Egypt, the biggest buyer of Russian wheat, boosted its grain purchases from Russia by 38% in 2025 compared with the similar period of last year, Russia's agricultural watchdog said on Thursday. The watchdog said Egypt has bought 1.26 million metric tons of grain from Russia since the start of the year, in addition to 11.4 million tons it bought in 2024. The watchdog did not say how much of this volumes was wheat. Analysts from rail carrier Rusagrotrans earlier said in a report that Egypt imported 6.3 million metric tons from July 2024 to January 2025, a 70% increase compared to last year. Russia, the world's largest wheat exporter, expected it grain exports to fall by one-fifth from last season's record to 55-57 million metric tons in this season, after the harvest was hit by bad weather. (Reporting by Olga Popova, writing by Gleb Bryanski; editing by David Evans)
