Russia’s rising wheat prices and declining exports

According to analysts, export prices for Russia wheat are rising. Additionally, restrictions in the form of an export quota and increased export tariffs are leading to smaller volumes. Russian wheat exports are expected to be about 2 million tons in February, more than 50% less than last year for this month. The Russian export quota came into effect on February 15 and is valid until June 30. GRAIN FUTURES – All About Feed