Russia wheat suffers quality problems


Russian wheat export prices were mixed last week after rallying for nine straight weeks due to concerns over a lack of high quality wheat and strengthening competition with France for wheat supplies to Egypt.

Black Sea prices for Russian wheat with 12.5 percent protein content and for August delivery were at US$196 a tonne on a free-on-board (FOB) basis at the end of last week, up $1 a tonne from a week earlier, IKAR agriculture consultancy said in a note.

“The quality of the crop is not better than a year ago, according to the preliminary data. It was not too good last year,” Dmitry Rylko, the head of IKAR, said.

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