Russian export wheat more expensive

The prices for Russian export wheat rose slightly since the beginning of the year due to the stronger exchange rate for the ruble.
Export wheat from the Black Sea with 12.5% protein, late last week 183 fob cost USD/tonne. That's more than the last listing 1 USD in the old year.
The Russian Ruble rate could attach themselves at the beginning of the year 2017 as currency traders expect that the sanctions of the West against Russia be built any time soon. Russian exports become more expensive in markets that trade in other currencies.
Since July 1, 2016 and 2017 to the 11th January Russia exported 20.8 million tons of grain; of them were 16.3 million tons of wheat, so the Agriculture Ministry in Moscow. Exports are expected between 1.8 and 2 million tons of grain, or 1.4 to 1.5 million tons of wheat in January by the consulting firm of IKAR.
Egypt purchased 175,000 metric tons of Russian wheat last weekend. Frosty winter weather that prevails since beginning of the year in parts of Russia, has caused yet no damage to the winter crop.
2916, Russia reaped a record grain harvest with 119.1 million tons so a preliminary estimate of the Statistics Office Rosstat. 73.3 million tons of wheat and 18 million tons of barley and 13.8 million tons of corn were harvested. Final figures are expected even higher as the maize harvest was completed late.
Prices on the local market for wheat of class III remained unchanged on 10.650 roubles per tons (179USD/tons) in the European part of Russia since the end of 2016.

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