Russian Wheat May Climb to $300 a Ton, Grain Trader Valars Says
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Milling wheat in Russia may rise to $300 a metric ton as a drought sears fields and farmers delay sales, according to Valars Group, the country’s third-biggest grain trader.
Prices have climbed as much as 15 rubles (50 cents) daily, Kirill Podolsky, chief executive officer of Taganrog, Russia-based Valars, said by phone today.