Russia. Oilseeds market behavior

26.05.2017

Last week the sunseed market featured a gain in purchase prices actually all over Russia. Despite a strengthening rouble, the recovery of sunseed product prices was the main factor supporting feedstock prices. Growers hold back sales in the hope for further price growth. Average sunseed prices varied within a range of RUB 17,000-20,000/MT including VAT (СРТ-mill) depending on the region, reports UkrAgroConsult.

The soybean market situation remains stable. Average soybean prices are set within a range of RUB 24,000-29,000/MT including VAT (СРТ-mill) depending on the region.

A significant slowdown is observed in the rapeseed market trade ahead of the new season. While crushers in the Central federal district work on own oilseed stocks, reducing their crushing volumes, some plants in South Russia are already stopping operation in expectation of the new harvest of winter rapeseed. Purchase prices were adjusted within their previously settled range of RUB 23,500-24,500/MT including VAT (СРТ-mill).

Further prospects of the Black Sea oilseeds/vegoils market will be discussed at the V International Conference “Black Sea Oil Trade”, which will take place on September 19, 2017 in Hilton hotel, Kiev, Ukraine.

 

 

UkrAgroConsult

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