Russian wheat prices up, export pace slows

　　div classBodysc17zpet90 cdBBJodivpReuters – Russian wheat export prices rose last week with higher wheat prices in Chicago, analysts said on Monday, adding that the countrys exports were slowing down due to seasonal factors.p

　　pPrices for wheat with 12.5 protein content for supply in May from Black Sea ports were at 390 free on board FOB at the end of last week, up 5 from a week earlier, the IKAR agriculture consultancy said.pdivdivdiv classBodysc17zpet90 cdBBJodiv

　　pSovecon, another consultancy, said, citing data from ports, that Russia exported 330,000 tonnes of grains last week compared with 440,000 tonnes a week earlier.p

　　pThe consultancy expects the pace of wheat exports from Russia to slow to 1 million tonnes in May from 2.2 million tonnes in April as the state export quota is being depleted.p

　　pIn the domestic market, prices fell due to strong rouble currency and higher supply from farmers who need to clean up their storage before the new crop arrives in summer.p

　　pRussias 2022 wheat crop is expected to reach a recordhigh of 87 million tonnes, President Vladimir Putin said last week.p

　　pSpring grains were planted on 12.6 million hectares as of May 12 vs 11.5 million hectares a year ago as the sowing accelerated in Russias Volga region, Sovecon said.p

　　pThe weather remains very good for the upcoming crop, Sovecon said, adding that farmers across almost all key regions report good conditions for winter wheat. p

　　pOther Russian data provided by Sovecon and IKAR:p

　　p Product: Price at the end Change from week p

　　p of last week: earlier p

　　p – Domestic 3rd class 15,875 rblst 175 rbls p

　　p wheat, European part 248.91 p

　　p of Russia, excludes p

　　p delivery Sovecon p

　　p

　　pp – Sunflower seeds 40,650 rblst 250 rbls p

　　p Sovecon p

　　p – Domestic sunflower 111,700 rblst 2,650 rbls p

　　p oil Sovecon p

　　p – Domestic soybeans 50,500 rblst 450 rbls p

　　p Sovecon p

　　p – Export sunflower 1,9002,000t unchanged p

　　p oil Sovecon p

　　p – Export sunflower 1,940t unchanged p

　　p oil IKAR p

　　p – White sugar, 960.6t 2.5 p

　　p Russias south p

　　p IKAR p

　　p1 63.7780 roublesp

　　p

　　pp Reporting by Reuters Editing by David Evansp

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