Russia tightens grain export policy

Wheat price rose last week in part because Russia is further tightening its export policy. The wheat price is peaking on the futures market in Paris. The first-expiring contract (March 2021) closed on Friday above € 230 per ton. Such a high price for a first-expiring contract has not been seen in Paris since May 2013. On Monday during the trading day, the quotation for the March contract briefly touched the € 234. In the Chicago futures market, the wheat price reached its highest point