Russian wheat exports ‘too slow’ to meet lofty expectations |

Wheat price impact

Traders at major commodities house, with substantial interests in Russia, said that “if it is now going to be standard practice for Russia to produce in excess of 75m tonnes of wheat [a year] then they will need to invest in infrastructure in order to take their product to the market”.

This factor is proving a key dynamic pricing, if the extent of Russian wheat output, estimated at more than 80m tonnes this year, will not be reflected, for now, in the boost to shipments that was initially expected.

“Now the market… appreciates the Russian logistical limits, there is some tentative support” for wheat prices, the commodities house said.

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