Russia to determine grain export cap Thursday

aginfo

Junior Member
Messages
692
Russia's government will determine on Thursday how much grain can be exported during this crop year before it considers imposing a protective duty to keep grain in the country, Deputy Prime Minister Viktor Zubkov told Reuters.

"The day after tomorrow I will hold a meeting. We will decide and I will give some signals," Zubkov said in response to a question about the level of export which could trigger the duty.

Traders and analysts said last week they expected Russia's government, which has said Russia should export no more than 23-25 million tonnes of grain during this crop year, would consider imposing export duties from April, when exports are likely to hit that level.

Russia has been a bullish factor on world wheat markets in the last week, first because of speculation that the duty would be imposed to limit exports, then because of hard frosts which caused concern about Black Sea exporters' crops.

More at http://www.albertafarmexpress.ca/news/russia-to-determine-grain-export-cap-thursday/1000867729/
 
 
Top