AGL 37.89 Decreased By ▼ -0.26 (-0.68%)
AIRLINK 124.10 Increased By ▲ 2.59 (2.13%)
BOP 5.67 Decreased By ▼ -0.18 (-3.08%)
CNERGY 3.75 No Change ▼ 0.00 (0%)
DCL 8.55 Increased By ▲ 0.15 (1.79%)
DFML 40.48 Decreased By ▼ -0.41 (-1%)
DGKC 87.10 Increased By ▲ 2.50 (2.96%)
FCCL 33.98 Increased By ▲ 1.28 (3.91%)
FFBL 66.01 Increased By ▲ 0.51 (0.78%)
FFL 10.20 Increased By ▲ 0.15 (1.49%)
HUBC 104.45 Increased By ▲ 0.65 (0.63%)
HUMNL 13.45 Increased By ▲ 0.20 (1.51%)
KEL 4.78 Increased By ▲ 0.35 (7.9%)
KOSM 6.84 Decreased By ▼ -0.25 (-3.53%)
MLCF 38.84 Increased By ▲ 1.34 (3.57%)
NBP 60.35 Increased By ▲ 0.10 (0.17%)
OGDC 179.65 Increased By ▲ 7.40 (4.3%)
PAEL 24.97 Increased By ▲ 0.17 (0.69%)
PIBTL 5.71 Increased By ▲ 0.01 (0.18%)
PPL 153.00 Increased By ▲ 11.31 (7.98%)
PRL 22.79 Increased By ▲ 0.07 (0.31%)
PTC 14.91 Increased By ▲ 0.17 (1.15%)
SEARL 66.85 Increased By ▲ 2.29 (3.55%)
TELE 7.01 Decreased By ▼ -0.13 (-1.82%)
TOMCL 35.70 Increased By ▲ 0.20 (0.56%)
TPLP 7.32 Increased By ▲ 0.03 (0.41%)
TREET 13.99 Decreased By ▼ -0.21 (-1.48%)
TRG 50.95 Decreased By ▼ -0.80 (-1.55%)
UNITY 26.40 Decreased By ▼ -0.20 (-0.75%)
WTL 1.23 Increased By ▲ 0.01 (0.82%)
BR100 9,717 Increased By 233.5 (2.46%)
BR30 29,237 Increased By 866.2 (3.05%)
KSE100 90,860 Increased By 1893.1 (2.13%)
KSE30 28,458 Increased By 630.4 (2.27%)

Russian wheat export prices were little changed last week ahead of a government decision on whether to reduce a floating export tax introduced on July 1, analysts said on Monday. Industry players widely expect the government to reduce the tax, which stops traders from fully capitalising on Russia's weaker rouble. Agriculture consultancy IKAR put Black Sea forward prices for Russian wheat with 12.5 percent protein content at $180 per tonne free-on-board (FOB) at the end of last week, down $1 from a week earlier.
Another Moscow-based consultancy, SovEcon, had FOB prices up $1 at $181 per tonne. The current duty formula is set at 50 percent of the customs price minus 5,500 roubles ($81) per tonne but not less than 50 roubles per tonne. The Agriculture Ministry has proposed raising the limit from 5,500 to 6,500 roubles, Vedomosti newspaper reported on Friday, a move later confirmed by Reuters.
Russia exported 6.8 million tonnes of grain, including 5.3 million tonnes of wheat, between July 1 and September 9, official customs data showed, down 22.5 percent from a year earlier. Domestic prices for third-class wheat fell 100 roubles from a week earlier to 10,000 roubles ($147) per tonne in the European part of Russia on an ex-works basis, SovEcon said.
SovEcon said average prices for sunflower seeds were up 1,500 roubles to 25,000 roubles per tonne. Domestic sunflower oil prices fell 500 roubles to 56,000 roubles per tonne while export prices rose $10 to $720-$730 per tonne. IKAR's white sugar price index for southern Russia was at $596 per tonne, down $20 from a week earlier.

Copyright Reuters, 2015

Comments

Comments are closed.