Russia Agriculture Ministry has proposed cutting wheat prices for its restocking programme in the 2017/18 marketing year which starts on July1, signalling stronger competition in the domestic market. The ministry has 4 million tonnes of grains in state stocks, buys grain on the domestic market every year as interventions. it would offer 10,300 roubles ($183) for a tonne of third-class wheat in the domestic market during the 2017/18 year, compared with 10,900 roubles in the current programme. Domestic price has been declining in and expected to come under further pressure due partly to a Russian dispute with Turkey over agricultural trade and to the need for Russian farmers to offload their stock before the new crop hits the market in the summer.