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Wheat price in Rusia higher 90% on y/y basis

03-01-2013.

Price of wheat in Russia is 90% higher this year the previous one. This is caused by lower yield this year and significant exports. Last year Russia had 70 Million tons of grains...

which is almost 30% lower then 2011. However, Russia did not limit any exports, even local prices raised much and will influence life standard. Government decided also to sell some state reserves to stabilize local market.