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Russian Interfax News Agency reported on September 13 that according to the monitoring report of the Russian Sovecon company, the export price of Russian wheat rose by US$2 last week , and the FOB price reached US$303/ton, the highest price in the past seven years .
Russian experts believe that in recent months, affected by the reduction in planting area and the hot and dry summer weather, the industry is generally worried that the wheat harvest will not be high, which will push up the price of wheat .
Sovecon reduced its forecast for this year's wheat harvest in Russia to 75.
4 million tons from the previous 84.
6 million tons .
Excessive prices have a negative impact on the competitiveness of Russian wheat in the international market .
The Egyptian state-owned company GASC recently purchased 240,000 tons of Ukrainian wheat, but only 60,000 tons of Russian wheat .
Russian experts believe that in recent months, affected by the reduction in planting area and the hot and dry summer weather, the industry is generally worried that the wheat harvest will not be high, which will push up the price of wheat .
Sovecon reduced its forecast for this year's wheat harvest in Russia to 75.
4 million tons from the previous 84.
6 million tons .
Excessive prices have a negative impact on the competitiveness of Russian wheat in the international market .
The Egyptian state-owned company GASC recently purchased 240,000 tons of Ukrainian wheat, but only 60,000 tons of Russian wheat .
