Markets Markets Newswire Asia Grains-Russian suppliers offer wheat in Asia, but buyers reluctant By Reuters Reuters Founded in 1851, Reuters is a news agency owned by Thomson Reuters. With 200 locations worldwide and 2,500 journalists, Reuters is one of the largest news agencies in the world. Reuters has remained true to the Trust Principles of independence, integrity, and freedom from bias, working relentlessly to bring news from the source and from every corner of the world. Successful Farming's Editorial Guidelines Published on August 5, 2022 Trending Videos Close this video player SINGAPORE, Aug 5 (Reuters) - * Suppliers offered Russian wheat at lower prices this weekinAsia, but most millers were unwilling to sign deals in the faceof economic sanctions against Moscow, Singapore-based traderssaid. * Russian wheat with 11.5% protein was offered around$405-$410 atonne, including cost and freight (C&F), to Southeast Asia, theysaid. * "Russian crop looks good and prices are very attractive atjustabove $400 a tonne," said one of the traders. "But buyers arenot willing to take chances with Russian supplies as cargoesmight get into trouble, even though food is not undersanctions." * The United States has issued clarification aimed atreassuringbanks, shippers and insurance companies that transactions forRussian food and fertiliser exports would not breachWashington's sanctions on Moscow over its invasion of Ukraine. * Last month, Russia-focused Sovecon consultancy raised itsforecast for Russia's 2022 wheat crop to 90.9 million tonnesfrom 89.2 million tonnes, it said on Thursday, citing highyields at the start of harvesting in southern regions.(Reporting by Naveen Thukral; Editing by Subhranshu Sahu) © Copyright Thomson Reuters 2022. Click For Restrictions - http://about.reuters.com/fulllegal.asp Was this page helpful? Thanks for your feedback! Tell us why! Other Submit