In addition, he noted that significantly increase the sales of Russian wheat in the Egyptian tender of GASC. Sale with delivery in September was 475 thousand tonnes compared to 230 thousand tons for delivery in August. "The overall situation is gradually reaches the price balance between domestic and export market, which gives hope for the strengthening of the competitiveness of Russian wheat on the world market", - said the expert

In addition, he noted that significantly increase the sales of Russian wheat in the Egyptian tender of GASC. Sale with delivery in September was 475 thousand tonnes compared to 230 thousand tons for delivery in August. "The overall situation is gradually reaches the price balance between domestic and export market, which gives hope for the strengthening of the competitiveness of Russian wheat on the world market", - said the expert

According to the forecast of the analytical center, grain exports from Russia in August will amount to 4.2 million tons versus 4.5 million tons in July. The decrease is attributable to the lower supplies of barley and corn, Pavensky said. Exports of barley will be about 0.4 million tonnes (of 0.62 million tonnes in July), corn - 0.15 million tonnes (0.21 million tons). But wheat is exported more than in July to 3.65 million tons (3.6 million tons).

According to the center, export prices for Russian wheat (protein content of 12.5%) with September delivery last week fell to an average of $189 per tonne ($1.5 less compared to the previous week) against the background of high competition from Ukrainian and European wheat. Last season the average price was $226,5 per ton in the previous - $183.

Because of lower export prices and falling purchase prices of milling wheat in deep-water ports. Over the past two weeks, they decreased by 600 roubles per tonne, up 11 400-11 550 rubles (without VAT). "In the domestic wheat market prices have ceased to rise for the first time this season amid falling prices, demand from exporters, and in Siberia decreased significantly in connection with the arrival of the new harvest, said the Pavensky. - Market activity continues to be constrained by the confrontation of the sellers counting on a further rise in prices, and buyers limiting purchases in anticipation of a market reversal at the background of generally high yield of wheat."

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