date:Aug 15, 2012
f what happens in Russia,Watts added.
He said that the market was worried about a return to export restrictions in the Russia.
If there is a lower export availability of Russian wheat, there will be less completion in the global wheat market which could drive up prices, he said.
Limiting the impact
Asked what bakery and snacks manufacturers could do to limit the impact of wheat price volatility, Watts said:In the short to medium term forward contracts are becoming very useful.
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