Russian wheat prices rise with global benchmarks

MOSCOW, Sept 12 (Reuters): Russian wheat export prices rose last week with global benchmarks and demand from importers, the IKAR agriculture consultancy said on Monday.

Russian prices for wheat with 12.5 per cent protein content and for supply from Black Sea ports rose by $2 to $312 a tonne free on board (FOB) at the end of last week, IKAR said in a note.

Russia exported 640,000 tonnes of grain last week, down from 760,000 tonnes the previous week, fellow consultancy Sovecon said, citing port data. Sovecon expects Russian grain exports to grow to 4.95 million tonnes in September, up from 4.20 million in August.