Russian wheat prices to hit new highs next year
date:Dec 27, 2012
ring the spring, it added. Russia, historically one of largest wheat exporter, was hit by unfavourable weather during 2011/2012 winter and by drought in spring this year, severely depleting grain stocks, sending domestic wheat prices to record highs and raising fears of a spring deficit.

This winter's grain harvest may be hurt by cold weather with a lack of snow in some parts of Russia's bread basket regions, according to SovEcon. The percentage of plantings, deemed to be in a poor state, does
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