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Russia: wheat prices flat

11-02-2014.

In Russia prices for wheat with 12.5 percent protein content were flat at US$ 279 /tonne on FOB Black Sea basis last week compared with a week earlier. Maize (corn) prices continued to rise in Russia's Southern regions.

Maize export prices were US$ 217 a tonne FOB Black Sea. The volume of Russia's grain exports was very low last week due to stormy weather on the Black Sea and ice on the Azov Sea. Shipping from the Black Sea revived at the end of the week when weather turned for the better.
Sunflower oil rose to US$ 820-830 a tonne FOB Black Sea basis.