Russia to cut sizable wheat export in October




Russia will export about 2.8-3 mln tonnes of wheat in October, down sizably compared to September volume of 4.7 mln tonnes, declared the Head of the analytical center at Rusagrotrans JSC, Igor Pavensky.

The expert said the decline of wheat export would occur due to larger sales on the domestic market and growing export duty on wheat.

“At the same time, some rebound of the wheat shipments is possible in November-December amid further appreciation of the wheat export prices along with the stable prices on the domestic market”, - he added.