 |
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 4649 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 country’s 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 year’s. The Institute for Agriculture Market Studies (IKAR) reported that the country aims to ship between 13.513.8 million tons of wheat for the 20122013 season. The estimate highlights a substantial drop from 20112012 period, when Russia exported 21 million tons.
On Tuesday, Agriculture Minister Nikolai Fyodorov confirmed that Russia would harvest 1015% less grain this year, than in 2011 due to unfavorable weather conditions. The official stated that Russia’s grain production would reach only 8085 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 1015% 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 shouldn’t be a ban, as according to the Ministry of Agriculture and RosStat, Russia internally consumes around 6065 million tons of grain. While currently the prediction for the harvest is around 7580 million tons, leaving the country with 1015 million tons of exportable grain surplus.»
31.03.2025 |
|
 |
 |
|
 |
15:58 |
First Ukrainian companies take advantage of new war risk insurance facility supported by EBRD |
13.03.2025 |
|
 |
 |
|
 |
07:39 |
Global wheat production is estimated at 796 MMT in 2025 |
 |
07:33 |
Early wheat production prospects for 2025 point to potential increase |
 |
03:35 |
The FAO Food Price Index rose in February 2025, driven by higher sugar, dairy and vegetable oil prices |
12.03.2025 |
|
 |
 |
|
 |
06:47 |
European Union Soybean Meal Imports to Reach 9-Year High |
11.03.2025 |
|
 |
 |
|
 |
20:14 |
EU Wheat Exports Fall to Lowest Level in 6 Years |
07.03.2025 |
|
 |
 |
|
 |
16:14 |
EBRD extends new guarantee to OTP Leasing Ukraine to unlock EUR160 million of new finance |
27.02.2025 |
|
 |
 |
|
 |
08:34 |
EBRD revises down Ukraine’s 2025 growth forecast |
26.02.2025 |
|
 |
 |
|
 |
10:01 |
Pistachios. Global production for 2024/25 is forecast to rise 7 percent to 1.2 million metric tons |
 |
09:47 |
An ambitious vision for agriculture that seeks to reconnect with on-the-ground realities cannot ignore the debate on the CAP budget |
19.02.2025 |
|
 |
 |
|
 |
10:43 |
“Bold investments” needed to address challenging nutritional burden in Africa, FAO says |
 |
07:13 |
Green Climate Fund greenlights two major FAO-led projects to strengthen climate resilience in Kenya and Serbia |
12.02.2025 |
|
 |
 |
|
 |
10:01 |
China Corn Imports Fall on Weaker Domestic Demand |
 |
09:06 |
China’s Imported Oilseed Meal Supplies Shift Slightly to Mid-Protein Meals |
08.02.2025 |
|
 |
 |
|
 |
18:20 |
Cereal stocks set to decline in 2024/25 due to anticipated reductions in wheat and maize inventories |
 |
18:00 |
FAO Food Price index declined in January 2025, mostly due to lower sugar, vegetable oil and meat prices |
06.02.2025 |
|
 |
 |
|
 |
16:28 |
Ukraine considers SCZone site for food hub in Egypt – ministry |
 |
16:16 |
Since the beginning of 2025, 549 agricultural enterprises have received UAH 2.3 billion under the Affordable Loans at 5-7-9 programme published |
03.02.2025 |
|
 |
 |
|
 |
23:55 |
Ukraine's Ministry of Agrarian policy allocates sugar export quotas to EU |
31.01.2025 |
|
 |
 |
|
 |
17:20 |
Global orange production for 2024/25 is forecast down 662,000 tons to 45.2 MT |
 |
17:15 |
Argentina Lemon/Lime Exports Continue to Decline |
24.01.2025 |
|
 |
 |
|
 |
16:38 |
Ukraine’s agricultural sector earned $24.5 bln in 2024, setting second historical record |
23.01.2025 |
|
 |
 |
|
 |
15:46 |
Eurobarometer survey shows strong support for the Common Agricultural Policy (CAP) |
22.01.2025 |
|
 |
 |
|
 |
20:54 |
Since the beginning of 2025, 117 agricultural enterprises have received UAH 318.7 million under the Affordable Loans at 5-7-9 programme |
 |
20:43 |
Ukrainian agricultural land needs to be cleared and returned to circulation as soon as possible |
21.01.2025 |
|
 |
 |
|
 |
21:45 |
A groundbreaking new study, “Governance and resilience as entry points for transforming food systems in the countdown to 2030”. Key Findings |
 |
21:37 |
Nitrogen use efficiency must be improved to reduce harm to human and environmental health |
11.01.2025 |
|
 |
 |
|
 |
11:16 |
Russia Grain Export Quota to Curb Wheat Exports in 2025 |
 |
09:12 |
Iraq Emerges as a Soybean Importer |
08.01.2025 |
|
 |
 |
|
 |
22:13 |
FAO Food Price Index dips during the month of December |
 |
18:49 |
FAO calls for urgent action to address widening famine in Sudan |
22.12.2024 |
|
 |
 |
|
 |
05:26 |
FAO transfers 185 generators, 6,474 grain hoses to Ukrainian farmers in 2024 |
 |
03:53 |
The EU agri-food trade surplus increased by 15% in September 2024, reaching EUR 6 billion |
19.12.2024 |
|
 |
 |
|
 |
09:05 |
World coffee production for 2024/25 is forecast 6.9 million bags higher |
18.12.2024 |
|
 |
 |
|
 |
23:11 |
China’s Expanding Coffee Consumption |
17.12.2024 |
|
 |
 |
|
 |
22:37 |
Bangladesh Soybean Import Recovery Expected to Continue |
14.12.2024 |
|
 |
 |
|
 |
21:03 |
World apple production for 2024/25 is forecast to fall nearly 350,000 tons to 84.0 million |
13.12.2024 |
|
 |
 |
|
 |
09:11 |
U.S. Fresh Pear Exports Fall on Historically Low Harvest |
10.12.2024 |
|
 |
 |
|
 |
21:03 |
Indonesia Grain Imports to Subside after 2023/24 Record |
 |
08:14 |
Higher vegetable oil quotations drive up FAO Food Price Index, but lower cereal and sugar prices temper the rise |
 |
07:45 |
Cereal trade revised downwards amid weaker demand |
02.12.2024 |
|
 |
 |
|
 |
23:17 |
Prime Minister: Some 50 partner countries have joined the humanitarian demining coalition |
 |
22:56 |
Norway pledges additional $4.5 mln to Ukraine's Grain from Ukraine initiative |
01.12.2024 |
|
 |
 |
|
 |
03:30 |
EU agri-food trade slowed down in August 2024 |
26.11.2024 |
|
 |
 |
|
 |
00:06 |
Global sugar production, compared to last year, is estimated up 2.8 million tons to 186.6 million |
24.11.2024 |
|
 |
 |
|
 |
04:43 |
During the Operation of Our Grain From Ukraine Program, We Have Managed to Save 20 Million People from Hunger – Zelenskyy |
 |
04:15 |
Ukraine Is Ready to Share Technologies, Military Experiences and Processing Methods with African Countries – the President |
22.11.2024 |
|
 |
 |
|
 |
10:15 |
South Africa Sugar Production and Exports Estimated Down |
19.11.2024 |
|
 |
 |
|
 |
23:04 |
Global Olive Oil Production Forecast to Rebound in 2024/25 |
 |
22:47 |
Vitalii Koval discusses Ukraine's European integration with European colleagues |
Also available:

|
|  |
|
 |