Russian wheat export price rises, the Ruble rate is strong under pressure

The export prices for Russian wheat have continued in the past week. It is already the eighth week in a row in which prices there will rise. The farmers hope that it continues and hold back their offer.
Egypt, the world's largest wheat importer, bought 240,000 tons of Russian and Romanian wheat last week.
Russian export wheat with 12.5% protein from the Black Sea cost at the end of last week 181 USD/tonne fob. These are two euros more than in the previous week.
Russia exported grain, of which 11.2 million tonnes were wheat since 9 November 2016, 14 million tonnes 1 July 2016. There were 4.7% less compared to the same period in the previous year.
Wheat of class III cost 150 rubles more than in the week before, $ 160 USD/tonne from loading station.
The exchange rate of the Russian rouble against the DOLLAR declined in this days to the lowest rate since December 2015, because crude oil prices have again come under pressure.

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