1/27/2016

Russian wheat export prices fall further on weak rouble

Russian wheat export prices fell further last week and early this week due to a continuing decline in the rouble, which makes Russian grain more competitive on the global dollar-denominated markets. Black Sea prices for Russian wheat with 12.5 percent protein content were at $181 a tonne on a free-on-board (FOB) basis at the end of Monday, down $0.5 from a week earlier.