In Siberia, prices for fourth-grade wheat began to fall amid an official ban on deliveries to Kazakhstan and a high initial yield of spring wheat. Now prices have reached 10-10.5 thousand rubles per ton (minus 650 rubles per ton), Agroinvestor reports.
According to the Rusagrotrans analytical center, due to hot weather during the growing season and excessive rains in recent weeks, probable problems with the quality of the new crop in terms of the flour-milling properties of wheat and disease damage are noted in the Siberian region.
Recall that in August, Kazakhstan introduced a complete ban on wheat imports, which will be in effect until the end of 2024. The Ministry of Agriculture of Kazakhstan explained the need for this measure both by the expectation of a high wheat harvest in the country and by an increase in supplies from Russia: in the first half of 2024, 1.5 million tons of wheat were imported to Kazakhstan from the Russian Federation, which is comparable to the volume of imports for the entire 2023. It is expected that this measure will support domestic wheat prices in Kazakhstan, eliminating pressure from cheaper Russian grain.