Rising prices for Russian export wheat

Russian wheat export prices rose again slightly last week. The demand is good and the exchange rate of the ruble is solid.
Black Sea wheat with 12.5% protein cost fob Friday 173.5 USD/tonne. 2.5 USD/ton are higher than in the week before.
Merchants according to the wheat shipments to the port areas have increased and international buying interest for Russian wheat is grown.
Russia exported cereals; already 10.4 million tonnes since July 1, 2016 of which 8.6 million tons of wheat were so the publication on the homepage of the Ministry of agriculture.
Local prices for wheat of class III in the European part of Russia rose to 75 rubles per tonne to 10.225 rubles per tonne from loading station.

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