Trends - wheat export tax - Business Recorder

wheat export tax

Russia proposes higher wheat export tax formula if prices reach $375/t

MOSCOW: Russia’s wheat export tax formula will have a higher multiplier if prices rise to $375/t and the...

Published 19 Dec, 2021 04:37am

Markets

Russia proposes higher wheat export tax formula if prices reach $375/t

MOSCOW: Russia’s wheat export tax formula will have a higher multiplier if prices rise to $375/t and the ...

Published 19 Dec, 2021 04:37am

Markets

Russian wheat export prices fall ahead of new harvest

Russia's wheat export tax, which Moscow introduced on June 2 and is changing each week, will drop to $41.20 per tonne from July 7, according to data from the agriculture ministry.

Published 05 Jul, 2021 11:13pm

Markets

Russia's wheat export tax will fall sharply in early June

The wheat export tax will be set at $28.1 per tonne starting from June 2 to June 8, the ministry said. Export taxes for barley and maize are at $39.6 and $52.2 per tonne, respectively.

Published 28 May, 2021 08:57pm

Markets

Sovecon lowers forecast for Russian 2020/21 wheat exports by 0.2mn tonnes

Russia doubled its wheat export tax to 50 euros ($59) per tonne last month in an attempt to curb high food price inflation amid the coronavirus pandemic. The tax was at 25 euro/tonne on Feb. 15-28.
The current low pace of wheat exports brought the estimate down, as did the fall in export prices in March, Sovecon, one of the leading agriculture consultancies in Moscow, said in a note.

Published 02 Apr, 2021 07:55pm

Markets

Russia's measures to stabilise domestic food prices

Russia's annual inflation had spiked to 5.8% as of mid-March and is only expected to slow to its central bank's 4% target in the first half of 2022, later than previously expected.
- Russia has set a grain export quota for overseas shipments of wheat, rye, barley and corn (maize) of 17.5 million tonnes for Feb 15 to June 30.

Published 27 Mar, 2021 06:38pm

Markets

Russia to introduce formula-based wheat export tax on June 2

Moscow Exchange to compile exporters' prices from April 1.
Formula-based tax to start on June 2 and be permanent.
Exports of barley, corn will be subject to the tax too.

Updated 04 Feb, 2021 11:33pm

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

Markets

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

The tax may be set at 70% of price per tonne minus $200.
Russian officials are still debating about what to accept as the price for the formula.

Published 30 Jan, 2021 05:31pm

Markets

Turkey postpones tender to buy 400,000 tonnes wheat

The was originally due to close on Tuesday, Jan. 19, but will now close on Friday, Jan. 22, they said.
The reason was believed to be bad weather with snow in Turkey disrupting transport of participants to the tender meeting

Published 18 Jan, 2021 06:29pm

Markets

EU wheat posts 13pc rise in 2020 to close near two-year highs

Front-month March milling wheat on Paris-based Euronext closed 0.2% higher at 213.50 euros a tonne.
That compared to a rise of 14% on the Chicago Board of Trade's front-month wheat contract.

Published 31 Dec, 2020 07:45pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	156.30
USD to Swiss Franc / Jan 17	0.92
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 17	5,996.66
India Sensex / Jan 17	76,619.33
Tokyo Nikkei / Jan 17	38,451.46
Nasdaq / Jan 17	19,630.20
Hang Seng / Jan 17	19,584.06
FTSE 100 / Jan 17	8,505.22
Dow Jones / Jan 17	43,487.83
Germany DAX 30 / Jan 17	20,903.39

Item	Value
Crude Oil USD/Barrel / Jan 17	78.88
Karachi Cotton PKR/37.32 KG / Jan 17	18,785
Gold 10 Grams PKR / Jan 17	242,283
Gold Spot USD/Ounce / Jan 17	2,703.25
Cotton US¢/pound / Jan 17	67.60
Petrol/Litre / Jan 18	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09