Russian WheatPrices Remain Steady to Slightly Weak


India, Nov. 9 -- Russian millingwheatprices with 12.5% protein content decreased by around $0-1 per tonne compared to last week. Prices have become weak due to new Australianwheat crop that is providing tight competition to Russian wheat. Russia is expected to produce 85-90 MMT of wheat this year compared to 72 MMT last year. As of now Russian millingwheat with 12.5% protein content at Novorossiysk port is being quoted at FoB $190-194/tonne whereas millingwheat with 11.5% protein content is being quoted at FoB $183-187/tonne.

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