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Russian wheat export prices fell last week, undermined by worries about future supply contracts to world No. 1 importer Egypt, analysts said on Monday.
Black Sea prices for Russian wheat with 12.5 per cent protein content were at $181 a tonne on a free-on-board (FOB) basis at the end of last week, down $1 from a week earlier, Russian agricultural consultancy IKAR said in a note. Egypt, the largest buyer of Russian wheat, has fought to reassure markets after weeks of confusion about import restrictions rattled traders and forced its state grain buyer to cancel two tenders.
Russia exported 22.5 million tonnes of grains, including 16.8 mt of wheat, between July 1 and February 3.
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