NEWS
Fri Mar 21, 2014 11:20 AM CDT

MOSCOW (Dow Jones) -- Wheat prices in Russia continued to rise for the third consecutive week due to the political turmoil in Ukraine, market analyst SovEcon reported Friday.

Demand has increased from Russian exporters who are trying to find an alternative to Ukrainian wheat the export of which is declining.

The average producer gate price of grade 3 milling wheat increased by 200 rubles ($5.52) during the week to March 21, to RUB8,725 a metric ton including value-added tax.

Grade 4 milling wheat went up by RUB225 to RUB8,500/ton, and grade 5 feed wheat went up by RUB200 to RUB7,800/ton.

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