Reading Time: < 1 minute Donskoy | Reuters –– Russia’s agriculture ministry said on Tuesday it had finalized the methodology for the calculation of a wheat export duty that will be introduced from July 1. It has proposed exporters pay a duty of one rouble per tonne on wheat priced up to 11,000 roubles (C$268) per tonne on a free-on-board […] Read more
Russian ag ministry proposes new wheat export duty formula
Russian wheat prices follow global benchmarks higher
Reading Time: < 1 minute Tikhoretsk | Reuters — Russian wheat export prices rose last week following an increase in global benchmarks and concerns over dry and hot weather in the European part of Russia, analysts said. Russia, one of the world’s big wheat exporters, competes with other global suppliers, including France, where Western European wheat prices hit the highest […] Read more
Prairie feed wheat relatively strong against milling wheat
Reading Time: 2 minutes CNS Canada –– Relative strength in the feed wheat market in Western Canada compared to milling wheat is making feed channels a more attractive option for some growers with lower-end milling wheat left to sell. “Right now, feed is pretty well on par with a lot of the base milling-grade wheats,” said Jared Seitz, trade […] Read more
Russia lifts wheat export duty, exports seen rising
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
Russian wheat price may rise when tax removed
Reading Time: 2 minutes Moscow | Reuters — Russian wheat prices may rise in coming weeks when the government removes an export tax, set earlier this year to cool food inflation, SovEcon agriculture analysts said Thursday. Russia will take a decision by mid-May on removing the tax ahead of schedule and will set up a new mechanism in case […] Read more
A message from April Stewart, Country Guide's Associate Editor
