According to the forecasts of many domestic experts, in the near future, wheat may significantly increase in price, and there are several reasons for this at once.

Over the past week, an increase in wheat prices has been noticeable almost throughout the country. Experts attribute this to the fact that the ruble is becoming more expensive against the dollar.

It is planned that the volume of wheat exports this season can reach 49 million tons, which is a record value in recent years.

Currently, export prices for wheat are rising in Russian ports, but experts do not believe that they will rise within the country as well.

The US Department of Agriculture in its June forecast adjusted the figures, increasing the expected wheat harvest in Russia by 3.5 million tons.

In the last week, there has been a trend towards a transition to an increase in both domestic and global wheat prices.

The Ministry of Agriculture recently advised Russian exporters not to sell wheat on foreign markets for less than $240 per ton. But it is not certain that they will succeed.

Despite all the difficulties, grain exports from the Russian Federation this season can show the maximum values over the past few years.

What the farmers have been waiting for so long has happened: the Ministry of Agriculture is significantly reducing the export duty on wheat by changing the formula for its calculation.

In February, the rate of export of Russian wheat abroad decreased, but there is hope that they will be restored in the remaining months of the season.