Wheat: Russian export prices on the rise inch reduced further cultivation 2016

Last week, Russian wheat export prices continued to increase. You are in the wake of the global prices and wet weather conditions in the southern parts of the country, which can make you suffer the quality of the grain. Forward protein in the Black Sea region are prices for neuerntigen wheat with 12.5% at $192 per tonne fob, two dollars more than in the previous week, IKAR, a Russian consulting firm. Want the seller to additional $3.00 per tonne raise prices, whether that succeeds this week, remains to be seen.
Similar as in the United States, also the Russian grain harvest is hampered by continuous rains in the South of the country. So far, 1.2 million tons of grain have been retracted, in the previous year, there were 1.7 million tonnes on the same date. The yields were specified with 3.9 tonnes per hectare (VJ. 3, 69). The introduction of export tax on wheat from July 01, is 2016 limit the acreage for the crop, said the President of the Russian grain Union. The exports will reach the record volume of 31.7 million tons in the marketing year to end today. Of them were 22.3 million tons of wheat.
In the European part of Russia were the local prices for the class III wheat on 9,500 rubles per tonne from loading station, 125 rubles more than in the previous week.

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