Wheat origination costs in Russia's main ports have risen significantly following shortages for export, with costs reportedly now as high as $248-$250 per metric tonne (mt) for 12.5% protein wheat, while for 11.5% protein wheat the price is $240 per mt . From the marketing year, the country's wheat exports had risen 4.3% YoY to 24.7 million metric tonnes (mt), leaving little left of the 35 million mt forecast for export during 1 July of 2018 to 10 January of this year. The tightness has forced sellers to seek wheat from remote areas, such as Russia's central regions and Siberia.
Wheat origination costs in Russia's main ports have risen significantly following shortages for export, with costs reportedly now as high as $248-$250 per metric tonne (mt) for 12.5% protein wheat, while for 11.5% protein wheat the price is $240 per mt . From 1 July of 2018 to 10 January of this year, the country's wheat exports had risen 4.3% YoY to 24.7 million metric tonnes (mt), leaving little left of the 35 million mt forecast for export during the marketing year. The tightness has forced sellers to seek wheat from remote areas, such as Russia's central regions and Siberia.