The global grain market is reeling: record heat, which worried many regions this summer, has already begun to affect the yield and price of wheat. Just one week quote of the September futures for SRW wheat on the Chicago exchange jumped from 173,3 USD per ton to 182 dollars, and the cost of French wheat FranceGrade has risen by $ 8 (up to 224).
According to the International grain Council, which refers to "Kommersant", in July the forecast for the grain harvest (about 2,077 billion tonnes) was reduced to 2,059 billion tons. Difficult situation in Russia.
The Ministry of agriculture of the Russian Federation, the losses of grain harvest in the current year in Russia due to weather conditions can be of the order of 30 million tons. Gross grain harvest is projected to be 100 million tons, including wheat — 64,4 million. But unlike world prices, wheat prices on the Russian grain market is changing in different directions. For example, in Siberia the price of wheat, as last year, barely more than 7 thousand rubles per ton, while in the Rostov region the same third class of buy above 10 thousand rubles per ton.
As already reported IA REGNUM, at the end of 2017 in Russia gathered a record grain harvest (135,4 million tons, including 85.9 million tons of wheat), but its price almost halved. For example, if in 2016, per ton of wheat of 3 class of the Siberian farmers was paying 11-12,5 thousand rubles, in 2017 — less than half. So will the drought in Europe and the Crimea to compensate the Siberian peasants of the financial losses incurred in last year's fall of the grain market, still a big question.
Translated by service "Yandex.Translation"