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15 मार्च 2016

Russian Wheat Exporters Put pressure On farmers To Reduce Wheat Price-Reuters


Russian wheat exporters are putting pressure on farmers to reduce domestic prices in response to the strengthening rouble, which makes Russia, a major wheat exporter, less competitive on the global market.Domestic prices in rouble terms are already declining in Russia's southern regions but that does not offset the two percent growth of the rouble currency against the dollar last week.
Black Sea prices for Russian wheat with 12.5 percent protein content were at $184 a tonne on a free-on-board (FOB) basis at the end of last week, up $4.5 compared with a week earlier.Amid the rouble growth and slow decline in the domestic prices, exporters have to increase prices for the Russian wheat.

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