Russian milling wheat prices with 12.5% protein content decreased by around $1 per tonne compared to last week. The fall in prices was due to higher production forecast, large stock and low export demand. Russia is expected to produce 78-80 MMT of wheat this year compared to 72 MMT last year. As of now Russian milling wheat with 12.5% protein content at Novorossiysk port is being quoted at FoB $178-182/tonne whereas milling wheat with 11.5% protein content is being quoted at FoB $167-170/tonne.