Indicative export prices for Russian wheat with 12.5% protein for May-June delivery continued to rise, reaching $410-415/t FOB (+$25/t versus the previous week). This is stated in the review of the analytical center "Rusagrotrans". Experts note that buyers need time to accept new levels. Prices in other exporting countries also rose strongly. This was facilitated by the introduction of restrictions on the export of Indian wheat and a significant reduction in its export potential from previous estimates of 8-12 million tons to 4.5-5 million tons, of which more than half of this could be shipped in the first two months of the local season (since April). volume. In addition, news about the deterioration of the state of winter wheat in the US and the continued lag in spring sowing contributed to the price increase, the review says. The cost of 4th grade wheat in deep-water ports was in a downward trend, correcting to 15.5 thousand rubles/t without VAT. This is for 400 rubles. cheaper ...
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