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Nov 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Russian wheat export

Russian wheat export prices down with global benchmarks
Markets

Russian wheat export prices down with global benchmarks

  • Moscow's wheat export tax and a grain export quota, launched on Monday as part of efforts to reduce food inflation amid the coronavirus pandemic, have already been priced in, they said.
  • Sovecon, another Moscow consultancy, said wheat prices fell by $4 to $281, while barley was unchanged at $248.
Published 15 Feb, 2021 06:15pm
Russia may impose formula-based wheat export tax from June 1
Markets

Russia may impose formula-based wheat export tax from June 1

  • Moscow is attempting to reduce wheat exports to help curb rising domestic food prices after President Vladimir Putin criticised food inflation amid the coronavirus pandemic.
  • The formula may be set at 70% of the difference between the price of wheat per tonne and $200, starting from June 1.
Published 30 Jan, 2021 06:55pm
Russian wheat export prices jump ahead of tax launch
Markets

Russian wheat export prices jump ahead of tax launch

  • Moscow is trying to curb domestic food inflation triggered by the COVID-19 crisis by introducing a range of grain export taxes.
  • Russian wheat with 12.5% protein loading from Black Sea ports for supply before mid-February was at $298 a tonne free on board (FOB) at the end of last week.
Published 18 Jan, 2021 04:46pm
Russian export prices for wheat rise ahead of export tax
Markets

Russian export prices for wheat rise ahead of export tax

  • Russian wheat with 12.5% protein loading from Black Sea ports for supply before mid-February was at $262 a tonne on a free-on-board (FOB) basis at the end of last week.
  • Sovecon downgraded its estimate for Russia's 2020/21 wheat exports in a separate note due to the wheat export tax which Russia plans from Feb. 15 to June 30.
Published 28 Dec, 2020 05:42pm