World Market Wheat price has reached a new high level
A heat wave in Russia, the worse in the last 130 years, is believed that has already destroyed 20% from wheat yield. Lack of precipitation and high temperatures blows up cereals price.
The Russian Government has declared emergency in 17 regions, hereby, agricultural areas close to Volga River, Ural Mountains and center of Russia had been affected 50-70%.
According to Reuters, temperatures over 40 0C had destroyed nearly 10 million hectares, making the wheat price to reach a maximum level.
Russia is the world’s third largest wheat exporter after the US and Canada.
Below we have a table with price for milling wheat evolution on Matif market from Paris in the last month. All the prices are in €/ton and delivered at big stores or mills, with bulks of 50 tons.
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|
Data |
Nov 2010 |
Ian 2010 |
Feb 2010 |
|
|
19. Jul 2010 |
€ 175,75 |
€ 177,5 |
€ 179,5 |
|
|
16. Jul 2010 |
€ 172,50 |
€ 175,00 |
€ 176,75 |
|
|
15. Jul 2010 |
€ 176,75 |
€ 179,50 |
€ 181,00 |
|
|
14. Jul 2010 |
€ 166,50 |
€ 169,25 |
€ 171,00 |
|
|
13. Jul 2010 |
€ 161,75 |
€ 163,75 |
€ 165,75 |
|
|
12. Jul 2010 |
€ 160,25 |
€ 162,25 |
€ 164,50 |
|
|
09. Jul 2010 |
€ 161,00 |
€ 163,00 |
€ 165,00 |
|
|
08. Jul 2010 |
€ 162,50 |
€ 164,25 |
€ 166,25 |
|
|
07. Jul 2010 |
€ 160,75 |
€ 162,75 |
€ 165,00 |
|
|
06. Jul 2010 |
€ 157,25 |
€ 159,75 |
€ 161,50 |
|
|
05. Jul 2010 |
€ 154,25 |
€ 156,50 |
€ 158,50 |
|
|
02. Jul 2010 |
€ 150,25 |
€ 152,00 |
€ 153,75 |
|
|
01. Jul 2010 |
€ 148,50 |
€ 150,50 |
€ 152,50 |
|
|
30. Jun 2010 |
€ 145,75 |
€ 147,75 |
€ 149,75 |
|
|
29. Jun 2010 |
€ 140,75 |
€ 142,75 |
€ 144,75 |
|
|
28. Jun 2010 |
€ 139,25 |
€ 141,75 |
€ 143,75 |
|
|
25. Jun 2010 |
€ 139,50 |
€ 141,75 |
€ 143,75 |
|
|
24. Jun 2010 |
€ 139,75 |
€ 141,75 |
€ 144,00 |
|
|
23. Jun 2010 |
€ 140,00 |
€ 142,25 |
€ 144,25 |
|
|
22. Jun 2010 |
€ 139,75 |
€ 142,00 |
€ 144,00 |
|
|
21. Jun 2010 |
€ 141,00 |
€ 143,50 |
€ 145,50 |