Russia: Local wheat prices rose again

Russian wheat export prices rose again slightly last week. There is continued good demand for Russian wheat
Black Sea wheat with 12.5% protein cost fob on Friday 174 USD/tonne.
The rise in prices, as Dmitry Rylko by the consulting firm of IKAR, has several reasons. On the one hand the situation to Egypt GASC tenders has normalised something, but also other regional importers demand.
Egypt GASC bought 60,000 tons of wheat of Russian origin last Thursday after their own figures. Local prices of wheat of class III in the European part of Russia remained stable at 10.225 rubles per tonne ($164) from loading station.

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