OREANDA-NEWS  Export prices for Russian wheat for the week increased by $5 per ton, to $235 per ton for delivery in December and $241 per ton for January. This is reported by the Interfax agency with reference to the analytical center Rusagrotrans.

According to the center, the rise in price is taking place against the background of growing demand from importers and a reduction in supply volumes due to bad weather in ports. At the same time, Russian wheat remains one of the cheapest on the world market.

Due to bad weather, experts lowered the forecast for wheat exports in November from 4.3-4.4 million tons to 3.35 million tons. This is 1.4 million tons less than a year earlier.

In early November, Russian President Vladimir Putin said at talks with his Kazakh counterpart that in recent years the country has turned from an importer of agricultural products into its largest exporter.

The Head of State noted that the Russian Federation is proud of the work done in agriculture. Now it ranks first in the world in wheat exports. This year, Russian companies, according to Putin's forecasts, will send at least 60 million tons of grain to foreign markets. The President did not rule out that the actual figure may be higher than planned.

Earlier, Russia banned the export of durum wheat abroad.