Russia. Oilseeds market behavior

22.09.2016

Last week slight increase in average new crop sunflower seed prices was observed in Russian Federation due to limited supply. Harvesting has already started and farmers work mostly "for stocks". The price fluctuated in the range of RUB 21500-24000/MT including VAT with delivery to the plant depending on the region.

Major market participants were ready to give premium for the volume.

Contrary to expectations, purchasing prices for rapeseed haven't decreased during last week. Minimal price was noted at the level of RUB 21500-22000/MT including VAT (CPT plant), the maximum price reached RUB 26000-27000/MT including VAT (CPT plant).

Active sales were observed on soybean market in the Southern regions. Price has slightly lowered against last week, the average level reached RUB 28000-28500/MT, including VAT with delivery to the plant. Siberian crushers were ready to buy soybean from the South Russia at the price including delivery - RUB 31000/MT.

More information on price behavior on oilseeds 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.

 

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