MOSCOW: Russian wheat export prices rose for the second consecutive week last week due to the slow pace of harvesting, which started later than a year ago, and weak supply from farmers in southern regions, analysts said on Monday.
Russian wheat with 12.5% protein loaded from Black Sea ports was at $208.5 a tonne free on board (FOB) at the end of last week, up $6.5 from the previous week, SovEcon agriculture consultancy said. Barley rose by $5 to $181 a tonne.
Another consultancy, IKAR, pegged wheat for supply in August at $209 a tonne, up $4. "There is still a lot of talk about (Russia's) southern farmers remaining slow sellers," SovEcon said in a note. "This could change in a few weeks due to an increase in supply from the Volga and Central regions."
Comments
Comments are closed for this article.