date:Jul 29, 2014
Russian export prices for wheat fell for the third week in a row due to a strong crop outlook, analysts said on Monday. Russia, one of the world's key wheat exporters via the Black Sea, is likely to harvest 57.5 million tonnes of wheat in 2014, IKAR, a leading agriculture consultancy, said in a note.
The forecast was upgraded (from a previously expected 56.3 million tonnes) thanks to higher yields in several regions, Dmitry Rylko, the head of IKAR, added. Russian prices for new wheat crop with