Category: Prices

Bearish: Russian soybean prices fell 9.8% month-on-month in November 2025 and are down 24.1% year-on-year amid weak processing demand. Bearish: Rapeseed prices slipped 0.5% on the month and 8.8% year-on-year, reflecting deteriorating margins in the crushing sector. Mixed: Sunflower seed prices rose 1.1% in November but remain 10.7% below year-ago levels, signaling only tentative support.…

Financing Secured: Cherkizovo launches a 1 billion ruble OTC bond at an effective rate of 16.7% to fund vertical integration and product improvements. Sector Momentum: Russian agricultural bond issuance reached 22 billion rubles in 2024, up 18% year-on-year, signaling strong capital market access. Grain Demand Supportive: Continued investment in Russia’s meat and livestock sector underpins…

Bullish: Black Sea sunflower oil hit a record $1,290/t on strong export demand, while US soy complex and several palm oil benchmarks posted weekly highs. Bearish: Rapeseed oil FOB Netherlands fell sharply and MATIF rapeseed hit a record low, highlighting weak European oil demand despite record-high rapeseed meal prices. Black Sea Sunflower Oil Leads Vegetable…

Grains Lead: Russian grain contracts dominate exchange trading with 4.4 million tons sold, reinforcing the country’s leadership in global wheat, corn, and barley markets. Diversifying Products: Oilseeds (1.3 million tons), sugar (1.2 million tons), and newly launched meat trading signal broader agricultural market formalization. Stronger Transparency: Mandatory OTC contract reporting and potential volume requirements aim…

Sunflower oil steady at highs: FOB Black Sea sunflower oil held at $1,260/t for Dec–Jan, with CIF Mumbai surging to a weekly peak, signaling firm import demand. Soy complex diverges by origin: Brazil FOB soybeans and soybean oil pushed to weekly highs, while US CBOT soybeans and soybean oil eased, underscoring shifting demand toward South…

Structural shift: NCE launches spot trading for Class 4 wheat (12.5% protein) at Novorossiysk starting January 19, 2026, using a bilateral anonymous auction format. Logistics split: Two separate order books for CPT Novorossiysk deliveries: rail (70-ton minimum) and truck (30-ton minimum) to three key terminals. Transparency boost: Platform aims to enhance price discovery and create…

Structural shift: NTB launches spot trading for 12.5% protein fourth-class wheat on a CPT Novorossiysk basis from January 19, 2026, with priority rail allocation for exchange trades. Logistics incentive: Separate order books with 70 t (rail) and 30 t (road) minimum lots aim to boost liquidity and address Black Sea transport bottlenecks. Oilseed strength: Black…

Bearish sunflower oil: Black Sea sunflower oil FOB slipped $17.50/t to $1,222.50/t, hitting the weekly low and signaling softer short‑term fundamentals. Sharp rapeseed oil correction: Rapeseed oil FOB Netherlands dropped $45.32/t to $1,240.04/t, the steepest decline among major vegetable oils. Mixed vegoil complex: Soybean and rapeseed oils weakened across key origins, while palm oil and…

Bearish Black Sea sunflower oil: FOB Black Sea prices dropped $30/t day-on-day to $1,240/t, marking the sharpest daily decline among major vegetable oils. Regulatory clarity in Russia: FAS confirmed the 2026 VAT hike excludes socially important foods, which retain the 10% rate, limiting VAT-driven price increases. Mixed oilseed complex: Rapeseed oil and meal rallied to…

Producer prices fell: Russian food producer prices declined 0.7% month-on-month in November, reversing October’s 0.5% gain and signaling a short-term easing in cost pressures. Inflation still elevated: Despite the monthly drop, food producer prices are up 11.3% in 2024 versus 2% in 2023, with beverages up 11.2%, pointing to persistent inflationary pressure. Mixed sector dynamics:…