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This also highlights the tightening of global wheat supply
.
After the Russian Grain Exporters Association had a meeting with the Russian Ministry of Agriculture, the head of the Association, Edward Zenin, said that as part of the quota, the number of wheat exports will face specific restrictions
.
The export quota will be based on this year’s exports and next year’s domestic demand
.
.
The export quota will be based on this year’s exports and next year’s domestic demand
.
This plan shows that Moscow is still worried about how to ensure sufficient domestic food supplies and curb food inflation
.
Chicago wheat futures prices have risen to near an 8-year high because US wheat stocks are lower than expected
.
This year Russia is competing with the EU for its position as the number one wheat exporter
.
.
Chicago wheat futures prices have risen to near an 8-year high because US wheat stocks are lower than expected
.
This year Russia is competing with the EU for its position as the number one wheat exporter
.
Earlier this year Russia stated that it would implement export quotas in the second half of each year
.
The grain export quota announced at the end of 2020 is 17.
5 million tons, valid until the end of June 2021
.
After that, Russia implemented formula-based floating tariffs on wheat exports
.
.
The grain export quota announced at the end of 2020 is 17.
5 million tons, valid until the end of June 2021
.
After that, Russia implemented formula-based floating tariffs on wheat exports
.
The Russian Ministry of Agriculture and the Association of Grain Exporters met on September 30 to discuss the new export quota plan
.
Export quotas may take effect from February 15
.
.
Export quotas may take effect from February 15
.
The Russian Ministry of Agriculture predicts that Russia may export 31.
5 million tons of wheat this year, of which the export volume from January to June 2022 will reach 14 million tons
.
5 million tons of wheat this year, of which the export volume from January to June 2022 will reach 14 million tons
.