The ruble is strengthening + farmers are hesitant to sell, Russian wheat prices have risen again, to $245 per ton, this export pace is a bit aggressive

Coin World News, affected by the strengthening of the ruble and farmers' reluctance to sell, the export price of Russian wheat continued to rise last week. Dmitry Relko, head of IKAR Consulting, stated that as of the end of last week, the price of Russian wheat with a protein content of 12.5% was $245 per ton, up $5 from the previous week. He added that the price of the new season wheat to be listed in July is also expected to rise by $2, reaching $242 per ton. According to IKAR's estimates, Russia's wheat exports in May ranged between 3 million and 3.3 million tons. Data from Sovecon Consulting show that the price range for Russian wheat with a protein content of 12.5% was $242 to $244 per ton, compared to the previous week's range of $240 to $242.