Wheat continues to rise in price

According to the forecast of the Sovekon analytical center, 3.2-3.3 million tons of grain will be exported in July, including 2.2-2.4 million tons of wheat. This is significantly less than in the last and the year before last, director of the center Andrey Sizov told Agroinvestor. Although the pace of export is accelerating now, it is still relatively sluggish, which is primarily due to the caution of traders. “The grain that is being exported now was on sale a month ago, and then there were still not entirely clear plans for a new harvest,” Sizov explains. - Another reason is that exporters did not want to get into an unpleasant situation, like a year ago, when large volumes were contracted in advance, and farmers of the southern regions were in no hurry to sell grain. As a result, the contracts "burned", and in order not to pay large fines, traders bought grain at very high prices and, as a result, worked at a loss. " This time exporters tried to contract in the volumes that the ...