Reading Time: 2 minutes Moscow | Reuters — Russia lifted its duty on wheat exports on Friday to help domestic producers and the government said the move would boost overseas sales by one million tonnes. One of the world’s major wheat exporters, Russia initially imposed the tax from Feb. 1 until June 30 to dampen rising domestic prices and […] Read more
Russia lifts wheat export duty, exports seen rising
Russia’s ag ministry proposes to cancel wheat export tax
Reading Time: 2 minutes Moscow | Reuters — Russia’s agriculture ministry has proposed to the government to cancel a tax on wheat exports from July 1 when the 2015-16 marketing year starts, a source at the ministry told Reuters. Russia imposed the duty on wheat exports between Feb. 1 and June 30 in an effort to cool domestic food […] Read more
Russia may extend tax on wheat exports, deputy PM says
Reading Time: 2 minutes Moscow | Reuters — Russia may extend a tax on wheat exports beyond July 1, but is yet to make a final decision, Russian news agencies cited Deputy Prime Minister Arkady Dvorkovich, who is in charge of the sector, as saying on Friday. Russia has imposed the duty on wheat exports since Feb. 1 in […] Read more
Russia seen removing wheat tax in July if inflation slows
Reading Time: 2 minutes Moscow | Reuters — Russia, one of the world’s leading wheat exporters, will probably not extend a tax on wheat exports, imposed until June 30, if optimism over lower inflation and a large crop persists among officials, SovEcon consultancy said. Russia’s economy has been hit hard by low global oil prices and Western sanctions due […] Read more
Ukraine ceasefire may, or may not, weigh on wheat
Reading Time: 2 minutes CNS Canada –– A tentative ceasefire in eastern Ukraine could lead to adjustments in the global grain markets, with softening wheat prices a possibility. Conflict in eastern Ukraine has been an underlying factor in grains and oilseeds markets over the past year, with the uncertainty of the situation providing both bearish and bullish incentives for […] Read more
Canada on the fringe of the grain export market
In a world where a country’s market power starts with its grain storage capacity, we’re losing ground fast
Reading Time: 6 minutes Canada’s performance, its objectives and its market power as a grain producer and exporter have changed significantly since the mid-1900s. Unfortunately those changes have not always been positive. In 1966 Alex McCalla, who was then at the University of Minnesota but who would go on to become one of the world’s top economists studying agricultural […] Read more
Russia’s winter grains still at risk despite warm weather – analyst
Reading Time: 2 minutes * Warm November to help Russia’s winter grains – SovEcon * Says some farmers hold crops due to the falling rouble * SovEcon sees Nov. grain exports at 3.0-3.2 mln T Paris/Moscow / Reuters – Warm weather last week did not eliminate risks for Russia’s fragile winter grain plantings, said a Moscow-based agriculture consultancy SovEcon, warning […] Read more
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