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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The contradiction may have resulted from higher sales expectations of Russian exporters.
The expected crop will be lower than last year, but still close to the average for the last five years.
The country is increasing its exports, which dropped in February due to bad weather.
Prices are declining amid strong competition with other exporters.
Recent weather conditions helped to offset precipitation deficit in the region.
Lower export levels may temporarily alleviate pressure on prices in the global market.