MOSCOW: Russian wheat export prices rose for the third week in a row, with analysts pointing to increased weather risks to the new crop.
The price of 12.5% protein Russian wheat scheduled for free-on-board (FOB) delivery in late April-early May was $208.0 a metric ton, up $3.5 from the previous week, the IKAR agriculture consultancy reported.
The Sovecon agriculture consultancy pegged the same class of wheat at $205 to $208 a ton FOB, compared with $202 to $205 a week earlier.
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Russia exported 1.02 million tons of grain last week, down from 1.27 million tons the previous week.
The exports included 0.84 million tons of wheat, down from 1.14 million tons a week earlier, Sovecon wrote, citing port data.
The consultancy lowered its estimate for wheat exports in March by 0.1 million tons to 4.9 million tons, still a record for March, compared with 4.8 million tons a year ago.
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