Russia's Agriculture Ministry for reporting obligation in grain exports

Russia's Agriculture Ministry has proposed his Government to introduce reporting obligations for grain exports, which reports on the Interfax news agency and relies on a source from the Russian Ministry of agriculture. The proposal according to grain exporters 5 days before loading or immediately after signing a supply agreement should take a message back to the authority for Lebendmittelüberwachung Rosselkhoznadzor. A trader expressed the opinion that the problem is not the message to the authorities, but the uncertainty what impact arising from this. From the Department of agriculture, no one was ready for an immediate opinion.
End of 2014 the Russian ruble against the US dollar lost value sharply. The wheat exports and that domestic wheat prices. Russia responded with export restrictions, customs duties, as well as lengthy quality control.
Meanwhile, the Russian grain harvest is delayed due to wet weather conditions. Wheat exports for the marketing period cause variable wheat export duties to bear, that access in the event of a significant devaluation of the rouble.

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