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Russia wheat in best run since April as buyers seek quality grain

Farmers are charging more for high-protein grain after rains damage crops
Wednesday, August 24, 2016 - 05:50
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Russia is deliberating whether to suspend its wheat-export tax for the rest of the season, with an Agriculture Ministry official confirming last week that the ministry had sent such a proposal to the Cabinet.

Moscow

RUSSIAN wheat prices extended a rebound, capping the best run since April, as farmers charged more for high-protein grain after rains damaged crops there and in major competitor France.

Wheat for loading at Black Sea ports rose 1.2 per cent from a week earlier to US$170 a