Russian Wheat Export Prices Track Chicago Higher After Month Of Declines
Russian wheat export prices rose this week after declining for the past month, following a rise in wheat prices in Chicago, which set a benchmark for this market, analysts said on Saturday.
Russian wheat with 12.5% protein loading from Black Sea ports for supply in March was at $283 a tonne free on board (FOB) at the end of the week, up $5.5 from the previous week, agriculture consultancy IKAR said. Refinitiv said wheat prices rose by $2 to $284.5.
Sovecon, another Moscow consultancy, said barley was unchanged at $248.
Source: Reuters (Reporting by Polina Devitt Editing by David Holmes)