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Wheat prices fall in the Russian domestic market

 Last Update: 2021-07-31
 Source: Internet
 Author: User

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Russia’s ZERNO News Network reported on June 22 that experts from the Russian Sovekon Agricultural Market Research and Analysis Company stated that the price of wheat in the Russian domestic market continued to fall last week against the backdrop of a new high in wheat stocks .
The average price of third-class wheat dropped by 250 rubles to 13,775 rubles (about 188.
7 US dollars)/ton; the average price of fourth-class wheat dropped by 175 rubles to 13,600 rubles (about 186.
3 US dollars)/ton; the average price of fifth-class wheat dropped by 200 rubles to 13,125 Ruble (about US$179.
8)/ton .

According to data from the Russian Statistics Bureau, as of June 1, Russia's wheat stocks were 4.
8 million tons, a year-on-year increase of 74%, which was a new high in the past ten years
.
Experts say that the demand for wheat from processors and exporters is not high, and domestic consumer prices are expected to continue to fall
.
Traders will be more cautious in the context of lowering export quotations and raising floating tariffs
.

Wheat price

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