Russian wheat export costs hit new excessive for 2019/20 season
Russian wheat export costs hit new excessive for 2019/20 season
Situations for merchants stay difficult – SovEcon
Climate stays very dry, heat for winter grains- SovEcon
IKAR cuts Russia’s 2019/20 wheat export forecast
MOSCOW, Jan 13 (Reuters) – Export costs for Russian wheat reached this season’s excessive final week on account of development in Chicago benchmarks, a stronger rouble, demand from Egypt and weather-related issues concerning the 2020 Black Sea crop, analysts mentioned.
Egypt’s state purchaser GASC purchased 300,000 tonnes of wheat from Russia, Ukraine and Romania final week. The three nations compete for provides from their Black Sea ports to Africa and Asia. Russia is the world’s largest wheat exporter, whereas Egypt is its second-largest purchaser after Turkey.
The worth of Russian wheat with 12.5% protein content material, loaded from Black Sea ports and meant for supply in January, rose by $four from…