date:Jul 15, 2014
try. This compares to 17.0 million tonnes and yields of 3.22 tonnes per hectare a year ago. However, the harvest so far is enough to put pressure on prices, IKAR, an agriculture consultancy, and traders said. Russian prices for new wheat crop with 12.5 percent protein content were down $3 to $248 per tonne at the end of last week on a free-on-board (FOB) basis in the Black Sea compared with a week earlier, IKAR said.
One trader gave the same price level, while another quoted it $1 lower - at $