PROSPECTS FOR THE DEVELOPMENT OF THE FLOUR MARKET

DOI 10.32651/209-63

Issue № 9, 2020, article № 10, pages 63-66

Section: Agrofood market

Language: Russian

Original language title: ПЕРСПЕКТИВЫ РАЗВИТИЯ РЫНКА МУКИ

Keywords: GRAIN, FLOUR MILLS, EXPORT, MARKET, CONSUMPTION, FUTURES CONTRACT, SEAPORT

Abstract: The article analyzes the world trade in flour, as well as the role of Russia in the world export of this product. It is revealed that the volume of consumption of flour and its supply in the world is increasing, while production in Russia is decreasing. The reason for the decline is that the domestic market is fully covered by Russian flour production, and its export becomes unprofitable due to the high cost of production. Turkey and Kazakhstan, which are the world's leaders in the export of flour, have a cost price 1.5 times lower than the Russian one. Therefore, domestic agricultural producers choose a more effective channel for selling grain for export by entering into a direct contract with foreign flour-milling enterprises. The article shows the scheme of grain sales from an agricultural producer to a Turkish Elevator on the example of the Novosibirsk Company "Novosibirsk grain products". The novelty of this scheme for the industry is that Novosibirsk elevators conclude futures contracts with farms for the supply of grain in the future at an average annual price, and an advance of 30‰ is paid. This allows farmers to have confidence in the future and the means to carry out sowing work. Then the grain is sent by rail to the seaport, and then through the conclusion of various supply contracts (FOB, CIF, CPT) – to Turkish flour mills. It is suggested that one of the most promising directions for the development of the flour market may be the creation of joint Russian-Turkish flour-milling enterprises based on tolling schemes in Turkey.

Authors: SHelkovnikov Sergei Aleksandrovich, Sokolov Sergei Lvovich