GFM Network News

Russian wheat price may rise when tax removed

Moscow | Reuters — Russian wheat prices may rise in coming weeks when the government removes an export tax, set earlier this year to cool food inflation, SovEcon agriculture analysts said Thursday. Russia will take a decision by mid-May on removing the tax ahead of schedule and will set up a new mechanism in case […] Read more

Russia seen adding new informal grain export curbs in 2015

Moscow | Reuters — Russia has strengthened informal curbs on grain exports since the start of the year, further complicating trading before the introduction of an export tax, a Russian grain exporters’ lobby said Tuesday in a letter to officials. Russia, expected to be the world’s fourth-largest exporter this year, hopes export curbs will cool […] Read more