Wheat bread prices rise 9.5%, rye bread prices 7.7% since start of year - ministry
MOSCOW. Oct 29 (Interfax) - Wheat bread has become 9.5% more costly in Russia since the year began, and rye and rye-wheat bread 7.7% more so, according to Economic Development Ministry monitoring.
By October 15, the price for one kilogram of bread made from wheat flour cost 32.46 rubles, 0.43% more than a week earlier. The price of a kg of rye and rye-wheat bread was up 0.13% at 30.27 rubles.
From October 15 to 21, the average price for class-3 wheat in the European part of Russia was up 2.3% at 9,465 rubles per tonne, in the Asian part of the country - 0.5% at 8,975 rubles/tonne. Class-4 wheat prices were up a respective 3% (at 9,211 rubles/tonne) and 2% (at 8,556 rubles/tonne). At 'growth points' prices for this grain were rising somewhat more slowly, and in a number of regions - most of all in the south - 'there was a correction downwards,' the ministry reported.
In Siberia, according to the monitoring, 'a stable picture persisted.' Modest growth was seen in the Urals.
Since the year began, class-3 wheat had become 66.5% more costly, class-4 wheat 69.7%, and class-5 wheat 76.9%.
Wholesale prices for wheat and rye flour in the European part of Russia increased 2.1% over the week to 14,700 rubles/tonne.
Citing Federal Customs Service (FCS) figures, the Economic Development Ministry reported that since the beginning of the current agricultural year (July 1) Russia had exported 9.322 million tonnes of grain versus 11.247 million tonnes for the same period of last year.
The Agriculture Ministry estimates the country's export potential this agricultural year at 10 million tonnes.
In the Siberia, Urals, and Far East districts, last week saw the beginning of commodity grain market interventions. Starting November 6, milling and compound-feed plants around the country as a whole will be taking part.