Russia. Active sunseed harvesting pressured domestic prices

04.11.2016

Last week demand prices for raw materials decreased almost in all regions, pressured by active harvesting, catching up with last year’s harvesting pace and reduction of processed products prices. Very often supplied oilseeds have high humidity. Average CPT-plant prices ranged RUB 20000/MT, VAT incl. to RUB 21000/MT VAT incl. depending on the region.

Domestic rapeseed prices remained stable. The prices are expected to strengthen, supported by lower supply compared to last year and increased rapeseed and rapeseed oil prices in the world market.

Soybean prices remained unchanged in Russia.

More information on price behavior on oilseed market in the countries of Black Sea region is available to subscribers for weekly market report "Black Sea Vegoils & CIS" and "Online market review" by UkrAgroConsult.

 

UkrAgroConsult

Readers choice: TOP-5 articles of the month by UkrAgroConsult