24/08/2010 12:21
Wheat increase in price by 13,25 cents
World prices for wheat have been rising after Russia banned foreign sales amid the worst drought in its regions despite a slight cooling.
Currently, in the United States, prices for wheat for December are at $7,2525 a bushel (27,2 kg). This shows that since Monday wheat increased in price by 13,25 cents.
As Russia has banned foreign sales from August 15 and to the end of the year, analysts and experts say that the US will be able to close the “gap” in the markers, where the largest exporter was Russia.