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Wheat prices rose in Russia over the week

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Wheat prices rose in Russia over the week

The cost of wheat of the third and fourth class in the central part of Russia for a week increased by 400 rubles, to 15 thousand rubles per ton, according to data from analytical center Sovecon, which specializes in the analysis of agricultural markets.

Experts call this figure a historical indicator.

At the same time with wheat the barley price went up by 175 rubles and maize - by 125 rubles. - corn. Their price per ton reached Br11.27 thousand and Br13.3 thousand, respectively.

It is noted that despite an abundant harvest, grain rises in price, as it is in high demand among foreign customers. Rates for it, according to Sovecon, are on the rise at ports. According to the Center's analysis, during the week, purchase price of one ton of wheat with protein of 12.5% grew from 16.9-17.6 thousand rubles to 17.8-18.4 thousand rubles in the country's deep-water ports.

Foreign buyers of the Russian grain increased its price by $9, to $248. According to experts, Russian competitors' wheat is also in high demand, which means that the price growth is a global trend. For example, the contract for grain with delivery in December on the Chicago exchange rose by 5.7%, to $231 per ton. This was the highest since November 2014.

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Author: Ksenia Gustova

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