Russia has gradually resumed the export of its wheat from its Black Sea ports, despite restrictions on navigation in the Azov Sea, reports the Reuters agency, based on analyst declarations.
“Exports have been underway from the five terminals (cereal export) of the Black Sea,” said agricultural consulting firm Ikar in a note.
Russian wheat prices remain extremely volatile, said Ikar, noting that the price of wheat, which has a 12.5%protein content, reached $ 415 per tonne from the Black Sea ports on March 11.
Sovecon, another consulting firm, reported that the Russian black sea terminals loaded 400,000 tonnes of wheat last week and that ships enter and leave the ports. “Complete navigation in the Azov Sea is still suspended, but some ships have started to cross the Kerch Strait (towards the Black Sea),” he added.
On the internal market, Russian farmers began to refuse contracts previously signed in the face of the high demand from national exporters and buyers, said Sovecon.
Russia’s recent decision to suspend cereal exports to certain Soviet Union countries has not yet been approved, but market players said unofficial restrictions for rail supplies in Siberia in Kazakhstan.
