World Economy

Russian Wheat Prices Slide

Russian Wheat Prices SlideRussian Wheat Prices Slide

Russian wheat export prices fell last week, hit by concerns about future supply contracts to world No. 1 importer Egypt, analysts said on Tuesday, Reuters reported. Black Sea prices for Russian wheat with 12.5% protein content were at $179 a ton on a free-on-board basis at the end of last week, down $2 from a week earlier, Russian agricultural consultancy IKAR said in a note. SovEcon, another Moscow-based consultancy, quoted FOB wheat prices in the Black Sea area at $181 per ton, unchanged from a week earlier. Black Sea corn prices were up slightly to $164 a ton, IKAR added.