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Russian wheat prices down with weaker rouble and global benchmark

18 Sep 2018

• 18 Sep 08:43

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Russian wheat export prices fell at the end of last week amid decline in the rouble currency and the global benchmark contract in Chicago. Black Sea prices for Russian wheat with 12.5 percent protein content were at $215 a tonne free on board (FOB) at the end of last week, down $10 on the week,IKARagriculture consultancy said in a note. SovEcon, another Moscow-based consultancy, quoted FOB wheat down $2 at $221 a tonne and Barley $1 down to $232 a tonne. By Aug. 30 Russia had exported 9.8 million tonnes of grain since the start of the 2018/19 season on July 1. That was up 39 percent from the same period the previous year and included 8.2 million tonnes. Read more...