Is the “Rice Panic” Justified and What Awaits the Grain Market

... from Russia to increase domestic stocks amid rising prices, as the Indian wholesale wheat price rose 6.2% year-on-year to $319 per ton, 26% higher than the price on world markets. According to Russian sources, Moscow offers India wheat at competitive prices, but India, according to Reuters, expects to receive a discount of $25 to $40 per ton. In the midst of recent events, Russia’s position on the world grain markets is getting stronger. Minister of Agriculture of the Russian Federation Dmitry Patrushev reported ...