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3 class wheat prices down due to market big grain reserves/slack export
06.05.2005 08:27 "Agro Perspectiva" (Kyiv) —
Domestic market 3 class wheat prices
are scaling down, due to big grain stocks/weak export, reported Agrarika
Ltd referring to market participants information.
«Domestic all regions grain market purchase prices are slumping down,»
told Olena Starostenko, Agrarika Ltd expert. Grain remainders high
offers continue stimulating food wheat/feed maize getting cheaper."
As to her, companies carrying out ports export purchases
have practically stopped grains purchases.
"Grains holders hopes for export purchases didn’t come true,
since companies carrying out ports export purchases have practically
stopped grains acceptance activity, " added Starostenko.
As to experts, present prices fall is as well due to railway
grain transportation tariffs growth.
«High railway tariffs have made wheat delivery from eastern/southern
regions into western unprofitable,» noted Starostenko.
As earlier reported, this year Apr 1 domestic market grain
reserves are estimated 8.8 million tons, up 3.7 million tons (+73%) as of
last year Apr 1 (5.064 million tons), incl. 3.6 million tons wheat
reserves, up 1.74 million tons (+93.5 %) against last year similar 1.864 million tons.
Since 2004/05 MY (Jul/Mar) beginning companies have exported
3.4 million tons wheat. 2004 wheat crop totaled 17.5202 million tons (in terms of weight after additional processing), up 13.92 million tons (+386.8%) against 2003.
Domestic market food grain annual requirement is estimated 67 million
tons.
3 class wheat purchase prices, CPT (as to Agrarika Ltd):
Region | 27.04.2005 | 20.04.2005 |
Western | 710740 | 710740 |
Northern | 620660 | 640700 |
Central | 630670 | 670710 |
Southern | 620680 | 620700 |
Eastern | 630680 | 680710 |
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