Reading Time: 2 minutes Moscow | Reuters — Russia, one of the world’s largest wheat exporters, is not expected to change its current regime of taxes on grain exports, sources said on Friday, following proposals to change them. Concerns over the possibility of tougher limits on Russia’s foreign sales of wheat sent global prices to a one-month high earlier […] Read more
Russia now expected to leave grain tax scheme intact
U.S. grains: Wheat snaps rally, soy firm, corn flat
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat futures fell on Wednesday on fund-driven technical selling and a proposal by Russia’s farm ministry to cut a wheat export tax, which tempered speculation about export restrictions. Corn coasted for the second straight day, while soybean futures rose on dry weather concerns in South America and southern Africa. At […] Read more
Major investment to build Farmers Edge’s data power
Reading Time: 2 minutes Canadian precision agronomy and farm data management firm Farmers Edge plans to keep taking its services to previously underserved acres around the world, with a major cash infusion from a group of its backers. Japanese commodities trading and investment firm Mitsui, Toronto commercial real estate company Osmington and the Green Growth Fund operated by investment […] Read more
Russia said considering export duties for corn, barley
Reading Time: < 1 minute Moscow | Reuters –– Russia’s agriculture ministry is considering introducing an export duty for corn and barley, Russian news agency Interfax reported Wednesday, citing First Deputy Minister Evgenii Gromyko. “We will discuss this question,” he said. Gromyko added that the question was planned to be discussed at a meeting with Deputy Prime Minister Arkady Dvorkovich, […] Read more
U.S. grains: Wheat up on talk of Russia curbing exports
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures climbed to a one-week high on Monday on short-covering and concerns about the possibility that Russia might limit exports, traders said. Soybeans rose, led by soymeal, while corn ended nearly unchanged. At the Chicago Board of Trade, March wheat settled up six cents at $4.81-1/2 per bushel (all […] Read more
Russia considering export duties on fertilizers
Reading Time: < 1 minute Stavropol | Reuters –– Russia’s government is looking into introducing duties on exports of mineral fertilizers to make them more affordable for the country’s farmers, President Vladimir Putin said Monday. Meeting his loyalists from the pro-Kremlin public movement, the All-Russia People’s Front, Putin heard compalints from a farmer saying that massive exports of mineral fertilizers […] Read more
Russian ministry proposes reducing wheat export tax
Reading Time: < 1 minute Moscow | Reuters — Russia’s agriculture ministry has proposed that the government reduce or cancel its wheat export tax due to rouble volatility and a decline in global wheat benchmarks, the Interfax news agency reported, citing first deputy minister Evgenii Gromyko. The rouble has lost about six per cent against the U.S. dollar since the […] Read more
Russia, China sign accords on grain quality control
Reading Time: 2 minutes Reuters — Moscow and Beijing have signed agreements on the control of grain quality, which technically open the Chinese market to Russian grain. Russian food safety watchdog Rosselkhoznadzor and the Chinese government body in charge of quality control signed two food safety documents on Russian wheat, corn (maize), rapeseed, soybean and rice supplies at a […] Read more
Russia aiming for steady grain crop in 2016
Reading Time: 2 minutes Moscow | Reuters –– Russia, one of the world’s largest wheat exporters, is aiming for an unchanged grain harvest in 2016 compared with the current year, the agriculture ministry said Tuesday. If the weather remains favourable during the winter and spring, Russia, a major wheat supplier to Turkey, Egypt and Iran, will harvest a large […] Read more
2016 could be a ‘battleground year’ for commodity prices
A ‘battleground year’ is how analyst Errol Anderson sees 2016. Prices will be profitable… sometimes…but success will only come to producers who rein in their emotions
Reading Time: 8 minutes It isn’t only agriculture. China has become the world’s largest market for an incredibly long list of commodities. Consider the manufacturing industry, for example, where the Chinese generate roughly half of global demand — they use 54 per cent of global aluminum production, 50 per cent of nickel, 48 per cent of copper and 46 […] Read more
A message from April Stewart, Country Guide's Associate Editor
