Prices for grade 3 wheat (with gluten 25-26) in Kazakhstan continued to grow last week, reaching 95-98 thousand tenge per ton. A week earlier, the price was 91-94 thousand tenge. This was reported in his Telegram channel by Evgeniy Karabanov, head of the analytics department of the Grain Union of Kazakhstan.
Hi-pro wheat (gluten 30+) also slightly increased in price to 138-142 thousand tenge/ton (a week earlier it was 137-141 thousand tenge). Wheat of class 4 increased from 88-91 thousand tenge/ton to 89-92 thousand and class 5 – from 85-88 thousand tenge/ton to 86-89 thousand.
According to the expert, the price increase is explained by demand from exporters, producers of wheat and feed flour.
On the ETS exchange, 5,873 tons of wheat were sold during the week (on EXW terms - linear elevator, with VAT 12%:
- 3rd class wheat with 23% gluten - 2 thousand tons at a price of 95 thousand tenge/ton
- 3rd class wheat with 25% gluten - 0.7 thousand tons at a price of 97 thousand tenge/ton;
- 3rd class wheat with 27% gluten - 485 tons at a price of 130 thousand tenge/ton;
- 3rd class wheat with 30% gluten - 688 tons at a price of 135 thousand tenge/ton;
- 4th class wheat - 2 thousand tons at a price of 90 thousand tenge/ton.
No changes were observed in the grain export market.
“As before, the market is under pressure disparity in prices of domestic offers and export demand,” noted Evgeniy Karabanov.
According to the Analytics Committee of the Grain Union of Kazakhstan, from May 26 to June 1, prices on EXW terms (elevator) with VAT 12% were as follows (in thousands of tenge per ton):
- wheat class 3 (class 23-24%) – 91-94;
- wheat class 3 (class 25-26%) – 95-98;
- wheat class 3 (class 27%) – 111-115;
- wheat class 3 (class 28-29%) – 123-126;
- wheat class 3 (class 30+) – 138-142;
- wheat class 4 – 89-92;
- wheat class 5 – 86-89;
- feed barley – 87-91;
- flax seeds – 300-305.
Export prices (USD/ton):
- wheat 3 class (23-24% grade) – 210-215 DAP Saryagash;
- wheat 3 class (25-26% grade) – 215-220 DAP Saryagash;
- wheat 3 class (27% grade) – 255-260 DAP Saryagash;
- wheat 3 class (28-29% grade) – 280-285 DAP Saryagash;
- wheat 3 class (30+ grade) – 305-315;
- wheat 4 class – 203-208 DAP Saryagash;
- wheat 5 class – 201-205 DAP Saryagash;
- flax seeds – 580-590 FCA - departure station;
- barley – 208-212 - DAP Saryagash;
- barley – 235-238 FOB Aktau;
- barley – 215-218 DAP Dostyk/Altynkol;
- Kazakhstan flour (Atta - Afghan milling) – 240-245 DAP Saryagash;
- 1 s. flour – 295-300 DAP Saryagash;
- premium flour – 390-395 DAP Saryagash.