The export prices for Russian wheat are slightly at the end of last week. Also sank the exchange rate of the ruble, making the grain offerings from Russia even more competitive on the dollar-dominated world market.
Export prices fob cost 172 USD/tonne for wheat with 12.5% protein on the Black Sea. This was a USD less than in the previous week, the consulting firm of IKAR.
Since July 1 and August 24 Russia exported 4.5 million tons of grain, of which 3.7 million tons of wheat. Wheat prices at the local Russian market in the European part of the country rose by 275 roubles per ton to 9,950 rubles or equivalent 153 USD/tonne from the farm.
This slight price increase results from the restrained offers from agriculture. The farmers in Russia hoping for higher prices.
