India, April 19 -- Russian milling wheat prices were weak by $1per tonne at Novorossiysk and by $1-2 per tonne at Odessa port. Trading activity in Russian wheat market is low. As per IGC, Russia is expected to produce 77.10 MMT in 2019-20 compared to 71.70 MMT in 2018-19. As of now Russian milling wheat with 12.5% protein content at Novorossiysk port is being quoted at FoB $222.00-226.00/tonne and milling wheat with 12.5% protein content at Odessa is being quoted at FoB $221.00-225.00/tonne.
Published by HT Digital Content Services with permission from AgriWatch....