MOSCOW- Russian wheat export prices fell for a fourth consecutive week last week, in line with global benchmarks, while tensions between Moscow and the West have become less of an immediate concern for traders.
Russian wheat with 12.5% protein content loading from Black Sea ports for supply in late February-early March stood at $319 a tonne free on board (FOB) last week, down $9 from the previous week, the IKAR agriculture consultancy said. 0#IKAR
Sovecon, another consultancy, pegged wheat down $7 at $323 a tonne, with barley up $2 at $278 a tonne.
Russian wheat exports are down by 41% since the start of the 2021/22 marketing season on July 1 because of a smaller crop and an export tax that had been set at $93.2 a tonne for Feb. 9-15.
Other Russian data provided by Sovecon and IKAR: Product: Price at the end Change from week
of last week: earlier - Domestic 3rd class 15,200 no change wheat, European part roubles/t($201.22 of Russia, excludes ) delivery (Sovecon)
- Sunflower seeds 37,475 rbls/t -75 rbls (Sovecon) - Domestic sunflower 88,500 rbls/t 325 rbls oil (Sovecon) - Export sunflower $1,380/t -$5 oil (Sovecon) - Export sunflower $1,380/t no change oil (IKAR) - Soybeans (Sovecon) 44,250 rbls/t -300 rbls - White sugar, $652.3/t $12.7 Russia's south (IKAR)
($1 = 75.5375 roubles)
(Reporting by Olga Popova and Olzhas Auyezov Editing by Bernadette Baum) ((Polina.Devitt@thomsonreuters.com))
