Export prices for Russian wheat have increased.

Export prices for Russian wheat increased last week in response to news of a large purchase by Iran and against the backdrop of limited supply, caused by bad weather in ports, which hindered shipments, analysts note. The price for Russian wheat with a protein content of 12.5% with free on board (FOB) delivery in the second half of October at the end of last week was $228 per ton, which is $3 more than the previous week, reported Dmitry Rylko, head of the IKAR consulting company. "Some international demand has emerged, and the market has reacted," he said. Last week, traders estimated Iran's wheat purchases, mainly from Russia, to be in the range of 500,000 to 1 million tons and even up to 2.2 million tons. The consulting company SovEcon estimated the price for Russian wheat with a protein content of 12.5% at $228–229 per ton FOB compared to $226–228 at the end of the previous week. "Limited supply, especially in the south, as well as the strengthening of the ruble and the increase ...