Russian wheat exporters are suspending signing of new export contracts

Source

APK-Inform

2517

Russian wheat exporters are suspending signing of new export contracts due to sharp fall in the value of rouble observed on December 15-16, declared Igor Pavensky, Deputy Director of the strategic management department of Rusagrotrans CJSC.

He pointed that the exporters are waiting for at least relative stabilization of rouble rate to understand further possible development of the situation.

“Current suspension of signing of grain export contracts affects February 2015. Nevertheless, the contracts for this period will be signed later and the situation will become more predictable”, - the expert noted.

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