Sovecon, another consultancy, said wheat prices rose by $3 to $247 per tonne, while barley was steady at $233 a tonne.
Demand for Siberian wheat from Kazakhstan, which shares a free customs zone with Russia and is not subject to Moscow's recently-raised grain export taxes, is up significantly, Sovecon said.
Fortenova, formerly known as Agrokor, was saved from bankruptcy in a restructuring deal which included a change of the name and the ownership structure.
Taking all these observations into account, YoY inflation for next month may remain between 5.5−7.5 percent.
The Monthly Economic Indicator (MEI), which is based on combining monthly data of indicators that are proven to be correlated with GDP at constant prices shows continued strong growth in January, in continuation with what was observed in the previous seven months.
