(Adds detail from paragraph three)
HAMBURG, July 30 (Reuters) – A South African flour mill has
made a rare purchase of about 35,000 tonnes of Russian-origin
milling wheat, European traders said on Monday.
It was for August/September shipment. Price was unavailable.
“Russian wheat is still highly competitive for spot export
positions for this size of shipment but the number of Russian
wheat sales offers for deferred shipment positions has been cut
sharply until the outcome of the upcoming Russian government
meeting on the grains market is known,” a trader said.
A newly formed commission on food security, chaired by
Russian Deputy Prime Minister Arkady Dvorkovich, will meet on
Aug. 8 to discuss the grain market.
Russia’s grain trade association and analysts said they see
no need for grain export restrictions to be imposed by Russia.
But poor harvest yields after a hard winter and a heatwave
have been pushing Russian wheat prices up.
(Reporting by Michael Hogan; Editing by Anthony Barker)
© Thomson Reuters 2012 All rights reserved
