#AceFinanceNews – MOSCOW – March 24 – World grain prices continue to rise because of unfavourable weather conditions in the United States, as well as due to the importers’ apprehension over the possible drop in grain shipping from Black Sea ports in connection with the in-stable situation in Ukraine, Russia’s Agriculture Ministry said in a monitoring report on the situation on the agro-industrial markets.
Over the third week of March, soft wheat average prices in the United States rose by 5% to 300 US dollars per tonne.
The previous week, the prices had already gone up by 10 dollars (3.6%) to 286 dollars per tonne.
Meanwhile, the Russian grain export in 2013-2014 agricultural year (since the beginning of July 2013) reached 19.7 million tonnes, increasing by 41% compared with the previous similar period.
Russian Commodity News