Lower supply and stronger rouble drive Russian wheat prices higher, as well as theconcerns over state plans to build up sectoral regulation, Reutersreportedon Monday. Stronger controls on grain exports are being considered by Russia's state agriculture watchdog. The agriculture ministry also plans to regulate domestic grain prices through subsidies on rail transport from remote regions.Those plans created some rumors in the market, that Russia could limit grain exports in the 2018/19 season to keep a lid on domestic prices. Black Sea prices for Russian wheat with 12.5 percent protein content and for delivery in February were $243 a tonne free on board (FOB) at the. Read more...
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