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Russia

Russian wheat floating tax explained, GASC returns to the market

Egyptian GASC is holding a wheat tender on April 6 for August shipment. We believe that the Egyptian firm could return to the market to test how the new Russian floating tax will affect offers. Andre explains how it’s calculated.

Black Sea wheat sharply lower on new crop prospects, Russian farmers hope that the tax will be lifted in 2021

Last week, 12.5% wheat prices in deep-sea ports dropped $21 to $253/mt. Traders continued to report extremely low demand, global benchmarks moved lower.

Black Sea wheat prices lower on weak demand and good weather

Russian wheat prices in deep-sea ports dropped $9 to $274/mt (12.5%, FOB) on lack of demand and weaker global benchmarks

Black Sea wheat prices lower on improving weather

Weather improves in the Northern Hemisphere pushing Black Sea wheat prices lower

Russia: share of wheat in poor condition has fallen unprecedentedly

Share of Russia’s grain crops in poor condition has fallen to 7-9% since November when it was at 22%, a record high level for a decade.

Q&A: Russia’s Grain Export Taxes Could Mean the End of its Wheat Market Dominance – DJN

Q&A with Andrey Sizov, head of SovEcon / sizov.report, and Will Horner, Dow Jones Newswires, about Russia’s grain export taxes and their implications for Russia and the global grain market.

Wheat bids in Russia’s ports fell more than 10%

Wheat bids in Russia’s ports fell more than 10% as farmers sell more aggressively

Russian 20/21 wheat export forecast upped on fast pace of shipments and bigger supply

Russian wheat export forecast upped on record shipments and expected bigger supply

Ruble wheat prices up, government threatens to cap grain prices

Last week, wheat ruble prices were higher again in Russia’s market, supported by sluggish farmers’ sales. The government tries to encourage farmers to sell more aggressively.

Wheat prices sharply up as Russia introduced new restrictions

Wheat prices sharply higher after Russia’s tax news