Grain Market
Last week
(November 12 to November 18 this year) in the European part of Russia
maintained a moderate growth in food and feed grain supported by strong demand
from domestic consumers. In the Russian Asian part, prices stabilization due to
conduct trade interventions. Trading stock Volume in grain sale from fund
intervention for the period from 23.10.2012 to 14.11.2012 was 441.6 thousand
tons for a total amount of 3 531.6 million rubles. As of 16.11.2012 the amount
actually transferred grain from the intervention fund customers totaled to 186.3
thousand tons and worth 1449.5 million rubles.
In the
world grain market were insignificant price fluctuations, which decreased the
forecast of world grain trade in the current season. As of 15/11/2012 export average
prices of soft wheat in the U.S. totaled (FOB Gulf of Mexico) 342 U.S. dollars
per ton. For the week, prices decreased by $ 13 / t or 3.7%.
According
to the FCS of Russia (Russian Federal State Statistics Service) grain export in
2012/2013 crop year totaled to 11,019 thousand tons. Grain export rate is below
last year, when for the same period were exported 13,156 thousand tons. Between
1 and 14 November this year exported 694 thousand tons, including wheat - 455 thousand
tons, barley - 101 thousand tons and corn - 117 thousand tons, other - 21
thousand tons.
According to
Grain stocks on-line data published by Russian Federal State Statistics Service
for agricultural, harvesting and processing companies (excluding small forms)
on 01.10.2012 in Russia was amounted to 35.8 million tons, 12.7 million tons
(26.2%) less than in 01.10.2011 (48.5 million tons).
There is wholesale
prices stabilization for wheat flour and rye in the Russian European part. The
average price for top grade wheat flour by 19.11.2012 - 15 100 rub. / T (+ 0.2%
for week.)
Increase in
consumer prices since the beginning of this year bread made from wheat flour 1
and 2 varieties was 12.0%, on rye bread and rye-wheat 9.7%.
Taking in
consideration commodity interventions, in the coming weeks may be reduce in growth
rates in the Russian European part.
