Topic

wheat export tax

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

Published 19 Dec, 2021 04:37am

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

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

Published 05 Jul, 2021 11:13pm

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 28 May, 2021 08:57pm

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 02 Apr, 2021 07:55pm

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 27 Mar, 2021 06:38pm

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.

Updated 04 Feb, 2021 11:33pm

Published 30 Jan, 2021 06:55pm

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 05:31pm

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 18 Jan, 2021 06:29pm

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 31 Dec, 2020 07:45pm

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.

1D 5D 3M 6M 1Y

Currency	Rate
USD PKR Interbank Selling / Sep 30	277.31
USD PKR Interbank Buying / Sep 30	277.11
USD to Japanese Yen / Sep 30	157.84
USD to Swiss Franc / Sep 30	0.83
Pound Sterling to USD / Sep 30	1.33
Euro to USD / Sep 30	1.13
SOFR % / Sep 29	3.88

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First Punjab Modaraba / Oct 1 First Punjab Modaraba(FPJM)	22,419,806 ▼ -2.9
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