Q&A with Andrey about Russian grain taxes and 2021 wheat crop
Andrey Sizov
22.02.2021
First Russia’s wheat tax kicked in on February 15. Andrey Sizov from SovEcon talks about what happened, why, what are the chances of its removal, and what are the implications for a Russian farmer. Bonus: 2021 wheat crop comments.
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Decline in wheat prices continues amid the falling demand.
Forecast was revised amid worsening crop prospects in Siberia and the South.
The rate of decline picked up in September amid the decrease in demand from domestic consumers and exporters.
The new estimate is reflecting the record-high wheat sales.
The wheat market is showing signs of a reversal due to diminished domestic demand for Russian wheat and increased supply.
The revision was made in light of rising yields in the Central and Volga regions.