Moscow, Feb 2 (Reuters): Russian wheat export prices rose for the third week in a row amid a strengthening rouble and poor weather at ports while analysts do not yet see any damage to crops from a cold spell that hit many areas of the country.
The price of Russian wheat with 12.5% protein content for free-on-board (FOB) delivery at the beginning of March was $231.0 a metric ton at the end of last week, up $2 from a week earlier, said Dmitry Rylko, head of the IKAR consultancy.
IKAR cut its estimate of January wheat exports to 2.5 million tons from the previously expected less than 3.0 million tons.
SovEcon estimated the price for the same type of Russian wheat at $229-$231 a ton FOB, compared with $228-$230 at the end of the previous week.
"Russian FOB is supported by a strong rouble, higher domestic prices and rising MATIF (Euronext wheat)," SovEcon said in a weekly report.
The agency reduced its forecast for January wheat exports by 0.1 million tons to 2.9 million tons.
The rail carrier Rusagrotrans estimated January wheat exports for the period ending 28 January at approximately 2.35 million tons, with a forecast for the whole month at 2.7 million tons.
SovEcon said last week it had raised its 2025/26 Russian wheat export forecast by 1.1 million tons to 45.7 million tons, citing a strong pace of shipments and crop figures that had come in higher than expected.
Last week, state statistical agency Rosstat slightly reduced its preliminary crop estimate to 138.76 million tons of grain from 139.4 million tons one month ago, including 90.9 million tons of wheat, down from 91.4 million tons.
Russian wheat export prices rise third week in a row
FE Team | Published: February 02, 2026 22:39:46
Russian wheat export prices rise third week in a row
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