The SovEcon consultancy expected that grain exports from Russia will skyrocket in August to 3.5 million tons and thus compared to July.
Russia, currently the world's largest wheat exporter exported a record amount of grain in 2015/16 and how it looks now, more to be's in the new marketing period started on 1 July, because currently the biggest grain harvest will be retracted in the post Soviet era.
Wheat exports are estimated at 3.1 million tonnes in August; in July, there were only 1.5 million tonnes. This is the official export statistics. This is insufficient in the face of the great harvest, so SovEcon.
The Government in Moscow is currently considering to reduce export duties on wheat to "Zero". That could reduce the risk of unusual currency fluctuations of the Russian ruble for exporters.
