MOSCOW (Reuters) – Russian wheat export prices rose at the end of last week due to strengthening in the rouble currency and risks related to tougher quality controls at ports, analysts said on Monday.
Russia’s food safety watchdog beefed up quality controls on grain exports after complaints from major buyers about falling crop standards, it said on Friday, adding that tighter checks were not aimed at limiting exports.
Black Sea prices for Russian wheat with 12.5 percent protein content were at $217 a tonne free on board (FOB) at the end of last week, up $2 on the week, IKAR agriculture consultancy said in a note.
