Russian Wheat Falls on Competition With Ukraine, Romanian Crops

Russia’s wheat-export prices resumed declines last week amid bumper crops in Black Sea nations including Ukraine and Romania, according to the Institute for Agricultural Market Studies, or Ikar, quoted by agweb.com. Wheat for loading at Black Sea ports fell 1.8 percent from a week earlier to $162 a metric ton as of Friday, Dmitry Rylko, director general of Moscow-based Ikar, said by phone. Prices had held steady in the week ended July 15 after ...

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