Russian wheat prices resume growth after long decline

The purchase price of Russian wheat with 12.5 percent protein continued to grow for the first time after almost a month of decline, increasing by 1-7 percent in a week. This was reported by the Kommersant newspaper with reference to grain market analysts. The wheat index of the National Commodity Exchange (NCE) rose to 16.5 thousand rubles per ton in a week, which is 1.1% more than last week and 4.1% more than last month. Before that, from June 14 to July 15, it fell by 11.9% to 15.6 thousand. According to the analytical center of the SovEcon company, prices on the "big water" increased by 1.9-3.2 percent to 16-16.3 thousand rubles per ton. Rusagrotrans reported an increase in prices for the crop in deep-water ports by 1.9 percent to 16.1 - 16.2 thousand rubles. They noted an increase in the price of wheat at low water as well – by 3.3 percent or to 15.5 thousand. However, the cost of exports, according to their data, fell by two dollars to 220. Some analysts also cited data on ...