BR100 Increased By (0.03%)
BR30 Decreased By (-0.16%)
KSE100 Increased By (0.03%)
KSE30 Increased By (0.02%)
AGHA 6.65 Decreased By ▼ -0.02 (-0.3%)
BECO 4.39 Increased By ▲ 0.04 (0.92%)
BML 56.33 Increased By ▲ 0.16 (0.28%)
BOP 30.06 Decreased By ▼ -0.06 (-0.2%)
CNERGY 12.94 Decreased By ▼ -0.04 (-0.31%)
CSIL 5.32 Increased By ▲ 0.01 (0.19%)
FCCL 51.70 Increased By ▲ 0.05 (0.1%)
FFL 14.40 Decreased By ▼ -0.09 (-0.62%)
FNEL 1.23 Increased By ▲ 0.02 (1.65%)
KEL 6.06 No Change ▼ 0.00 (0%)
KOSM 5.77 Decreased By ▼ -0.07 (-1.2%)
LOTCHEM 26.25 Increased By ▲ 0.08 (0.31%)
MLCF 90.98 Decreased By ▼ -0.25 (-0.27%)
NBP 163.85 Decreased By ▼ -0.34 (-0.21%)
NCPL 53.06 Decreased By ▼ -0.12 (-0.23%)
NPL 58.94 Decreased By ▼ -0.18 (-0.3%)
OGDC 313.05 Decreased By ▼ -0.34 (-0.11%)
PACE 9.80 Increased By ▲ 0.03 (0.31%)
PAEL 35.18 Decreased By ▼ -0.06 (-0.17%)
PIBTL 14.70 Decreased By ▼ -0.01 (-0.07%)
PPL 220.30 Decreased By ▼ -1.06 (-0.48%)
PRL 91.19 Decreased By ▼ -0.03 (-0.03%)
PTC 59.13 Decreased By ▼ -0.06 (-0.1%)
SSGC 23.44 Increased By ▲ 0.14 (0.6%)
TBL 8.83 Increased By ▲ 0.08 (0.91%)
TELE 7.64 Increased By ▲ 0.03 (0.39%)
TPL 22.00 Decreased By ▼ -0.03 (-0.14%)
TPLP 12.65 Increased By ▲ 0.09 (0.72%)
TREET 21.75 Increased By ▲ 0.02 (0.09%)
TRG 55.50 Decreased By ▼ -0.29 (-0.52%)
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 Updated
By

MOSCOW: Russia, one of the world's largest exporters of wheat, is considering introducing a formula-based export tax for wheat from June 1, two sources familiar with government talks, told Reuters on Saturday.

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

Russia's economy and agriculture ministries did not reply to a Reuters' request for comment.

Comments

Comments are closed for this article.