MOSCOW: Russian wheat export prices fell for a fourth consecutive week last week, in line with global benchmarks, while tensions between Moscow and the West have become less of an immediate concern for traders.
Russian wheat with 12.5% protein content loading from Black Sea ports for supply in late February-early March stood at $319 a tonne free on board (FOB) last week, down $9 from the previous week, the IKAR agriculture consultancy said.
Russian wheat exports are down by 41% since the start of the 2021/22 marketing season on July 1 because of a smaller crop and an export tax that had been set at $93.2 a tonne for Feb. 9-15.
Source: Brecorder