An analysis of crop prices by March 29 shows that prices are gradually but steadily rising

Prices for ruble exports of wheat continue to rise against the backdrop of strengthening world prices. Demand for wheat from the Russian Federation remains high, but demand for barley and corn is also growing. Oilseed processors are awaiting a decision from the EU on import duties on vegetable meal, which could affect soybean cultivation. Sunflower oil from the Russian Federation is in great demand in India and other countries, which supports its price.

Negative wheat harvest forecasts in the European Union and Saudi Arabia's first wheat tender could also impact record wheat demand.

On the Russian market, high rates of wheat exports and the resumption of grain purchases from the state fund support price growth. Barley prices remain stable, but a sharp increase in export duties may affect the dynamics of barley prices in the near future. Corn prices remain stable, but rising demand from Turkey and continued high demand from Iran may affect their dynamics.

On the world market, demand for sunflower oil may increase due to a reduction in palm oil imports from the European Union. In Russia, record high demand for sunflower oil from India may have an impact on prices, but the expected introduction of an import duty on vegetable meal may reduce their cost domestically.