Russian export prices for the new wheat crop, which is due to arrive this summer, fell last week following a decline in the global benchmark in Chicago, analysts said on Monday.
Beneficial May rain put Russia, Ukraine and Kazakhstan - all major Black Sea producers - back on track for large wheat exports in the new marketing season after a dry April, analysts said last week.
The new crop of Russian wheat with 12.5% protein loaded from Black Sea ports was at $195-197 a tonne free on board (FOB) at the end of last week vs $198-200 a week earlier, SovEcon consultancy said in a note.
IKAR, another Moscow agriculture consultancy, pegged the new crop of wheat for delivery in July-August at $195 a tonne, down $1.
The US Department of Agriculture expects Russia to remain the world's top wheat exporter in the 2020/21 season, which starts on July 1, it said last week.
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