The Russian Minister of agriculture has proposed to reduce the floating rate of export for wheat exports until July 2017 to "Zero". Comments from the Ministry to suggest not abolishing the system of tariff calculation. The mechanism envisages that at least 10 roubles per ton be imposed, it could be more if the exchange rate of the ruble falls.
Still, a decision on this subject has not made the Government in Moscow. One no longer speaks about abolition, but only about a "zero" rate of duty.
A tariff on wheat exports if cancelled minus 6,500 rubles still one half of the value of merchandise exports positive value. 10 rubles a metric tons is collected but in any case. Black Sea wheat from Russia with 12.5% protein is currently 168 USD/tonne.
Some analysts and farmers associations in Russia had applied for, and it hoped that the Government would reconsider its tariff policy.
The Agriculture Ministry in Moscow expected a harvest not under 110 million tons, what about 2 million tonnes this year more than in the previous year would be and also more than the previous record from 2008. If the weather remains favorable, that could be harvested also 3 to 6 million tons more.
Russia could export up to 40 million tons of grain in the current marketing period, which was launched on July 1, so the Ministry. Some news agencies reported last week that the Ministry's plans to accept up to 1 million tons of grain in the State reserve until the end of the year. Later, it was from the Ministry said that 600,000 tons of wool store until January and more 1.4 million tons in the period from January to June 2017.
The purchases for the intervention in Russia on the Crimean peninsula started last Friday. From there, it is difficult to export grain, because there are legal problems after the annexation of Crimea by the Ukraine in the year 2014. In Crimea produced 1.5 million tons of grain, while the consumption amounts to only 300,000 tons.
