Homepage  Homepage     Search on site  Search on site     To write the letter  To write the letter     Site map  Site map
Agro Perspectiva
We are on: 
   

Photoblog

 


Home > News

Global wheat prices on the decline as fears for Russian export ease

06.08.2012 10:19 "Agro Perspectiva" (Kyiv) Global wheat prices slid back this week, after Russian authorities asserted the country would maintain an unspecified exportable grain surplus. The remarks followed fresh wheat crop estimates, signaling the supply could hit 50 million tons this year. The figure represents an upgrade from an earlier forecast of 46–49 million tons. The latest data supports the stance of Deputy Prime Minister Arkady Dvorkovich, head of industry and commodity producers, who expressed confidence that Russia has no grounds to ban grain exports this year due to poor weather conditions in some parts of the country. On Friday wheat futures trading was mixed, demonstrating that the market was still clouded by concerns of the potential harvest losses driven by drought in the US and Russia. Reuters Africa reported that benchmark November milling wheat was down 0.1% at 256.25 euros a ton. Despite optimistic comments from officials, fear that Russia may impose export restrictions on grain continues to hang over the market. Investors worry that the government may put a ban on shipments at the first premonition of worsening weather conditions in the countrys southern regions. Simultaneously a glaring shortage of stock has become evident in the Volga region, as the harvest outlook for Urals and Siberia continues to remain relatively bleak. SovEcon agricultural consultancy released a report on Friday pointing out that the focus should shift from the southern part of Russia, where the harvesting season is nearing ending to the Urals and Siberia. Both of the regions show weak results, lagging behind figures from 2010 and 2011. Additionally, even if Russia sticks to its current export plan the projected figures are still much lower than the past years. The Institute for Agriculture Market Studies (IKAR) reported that the country aims to ship between 13.5–13.8 million tons of wheat for the 2012–2013 season. The estimate highlights a substantial drop from 2011–2012 period, when Russia exported 21 million tons. On Tuesday, Agriculture Minister Nikolai Fyodorov confirmed that Russia would harvest 10–15% less grain this year, than in 2011 due to unfavorable weather conditions. The official stated that Russias grain production would reach only 80–85 million tons in 2012, compared with 94.2 million a year earlier. Some experts including Alexey Evstratenkov, equity research analyst atMoscow-based ATON, were expecting crop forecast cuts. Over the phone Evstratenkov said, «the Agriculture Ministry has talked about the possible reduction of the harvest this year long before the announcement on Tuesday. So a 10–15% downgrade of the harvest this year should not come as a surprise to the market.» The expert also brushed off the possibility of shipment restrictions this year, unless the situation worsened dramatically. «With the current prediction for the harvest there shouldnt be a ban, as according to the Ministry of Agriculture and RosStat, Russia internally consumes around 60–65 million tons of grain. While currently the prediction for the harvest is around 75–80 million tons, leaving the country with 10–15 million tons of exportable grain surplus.»

Voice of Russia Radio

< Azarov: FTA agreement with CIS in line with Ukraine's interests All news for
06.08.2012
Azarov: Ukraine's economy increased by 12.5% for two years >

16.01.2020  
17:35 Worlds first registration for BASF insecticide Broflanilide in Australia
11:25 China Lowers Applied MFN Tariff Rates on Selected Agricultural Products
14.01.2020  
13:20 Ukrzaliznytsia pays around $24 mln on eurobonds
13.01.2020  
12:55 Chicken Meat production in China is estimated at 14,8 MMT in 2020 - report of the USDA
11.01.2020  
16:10 Pork production in China is estimated at 36 MMT in 2020 - report of the USDA
12:35 Thailand Rice Exports Plunge Amid Production Declines, Global Competition
10.01.2020  
11:15 World food prices continue rising in December
09.01.2020  
14:25 MY 2018/19 corn production in Brazil is estimated at a record 101 MMT
08.01.2020  
16:15 ChemChina and Sinochem announced that they are consolidating their agricultural assets into a new holding company Syngenta Group
13:10 Japan Prepares to Allow Preventative ASF Culls in Case of Outbreak
11:35 Cargill reports fiscal 2020 second-quarter results
03.01.2020  
11:45 Summer drought in the EU caused poor pasture conditions and led to forage shortages
26.12.2019  
11:25 The 2019 milk output forecast for Australia is revised down by 2 percent to 8.8 million tons
24.12.2019  
18:55 Rice export prices increased around 1 percent due to the strengthening of the Thai baht
11:40 Prospects for U.S. dairy exporters have improved markedly
21.12.2019  
10:30 In 2019/20, China wheat imports are forecast at 3.2 million tons
20.12.2019  
16:35 Prospects for U.S. dairy exporters have improved markedly as 2020
14:08 EBRD and EU boost export opportunities in Eastern Partnership countries
10:05 Global production of wood products posts highest growth in 70 years
09:55 Ukraine's Statistics Service revises GDP growth forecast in Q3 downwards: to 4.1% from 4.2%
09:30 World coffee production for 2019/20 is forecast 5.3 million bags
18.12.2019  
17:55 European Union provides 82 million for an FAO-led initiative targeting rural communities in Papua New Guinea
17:08 Ukrainian pet food producer Kormotech expands to Lithuania
10:05 FAO and the Chinese Academy of Fishery Sciences strengthen efforts to build sustainability in fisheries and aquaculture
09:00 Global 2019/20 oilseed production is forecast at 574.6 million tons
14.12.2019  
21:30 Germany launches 20 million programme with FAO and UNDP to boost the agriculture sectors role in addressing climate change
13.12.2019  
17:00 Greater innovation needed to fight climate change, poverty and hunger
16:45 Govt approves memo with tobacco business on transparent, predictable regulation for development of tobacco sector MP
16:30 Consumers believe technology in ag is how well feed the world more sustainablybut that doesnt mean they want it, according to new survey
11.12.2019  
14:15 In 2019/20, China wheat imports are forecast at 3.2 million tons
11:00 Brazil Sees Record Soybean Exports In October November 2019
10:21 Corn: A Banner Year for Brazil
10.12.2019  
13:00 Kazakhstans Wheat Exports Projected at Lowest Level in More Than a Decade
12:47 Inflation in Ukraine down to 0.1% in Nov, to 5.1% in annual terms statistics
09.12.2019  
18:15 Global cereal production heading for a record high in 2019
18:15 World production of fresh apples for 2019/20 is forecast up nearly 5.0 million tons to 75.7 million tons
15:00 Ukraine, IMF agree on new cooperation program for around $5.5 bln
05.12.2019  
21:00 Record cereal production expected for 2019
20:15 FAO scales up fight against Fall Armyworm
19:00 Kernel plans to buy oil complex in Kropyvnytsky
18:35 EIB launches project on lending to Ukrainian farms for EUR 400 mln
18:30 World food prices jump in November
18:15 FAO offers novel assessment of trees and forests in the worlds drylands
04.12.2019  
09:07 FAO Director-General introduces innovation agenda to Council
29.11.2019  
23:38 Harvesting campaign 2019: agrarians got 14.6 million tons sunseeds
20:24 Ukrainian Jan-Oct margarine output up to 113,580 tons
20:13 Ethiopian government to privatize country sugar imdustry as of 2020
18:02 Ukraine hits grains record high crop
16:11 UN expert: Zimbabwe facing man-made starvation
14:00 Alltech announces R&D collaborations into sustainable salmon production for Norway fisheries

Also available: 

Agrarian Week in digital



READ ON-LINE




NewsNews - News - News - News - News - News
BriefWeekly Reports - Free article
SubscriptionTariff - News&Reports
AdvertisingMagazine - Site
ConferencesForum AGRO-2013 - DAIRY WORLD-2008 - FERTILIZERS-2010
Statistics
For our clientsAgroNewsDaily - Ukrainian Grain&Oilseed Market - Fertilizers - Milk Monthly - Milk Weekly
About usAbout project - Contact
.      1991 . .      1991 .
2002 -2020 © Agrarika, ltd.
tel.: +38 (044) 486-9171, 486-8119
fax: +38 (044) 486-8830, 494-4889
e-mail: info@agroperspectiva.com