Friday, March 11, 2016

Export of Russian wheat has exceeded the performance of last agricultural year – RIA Novosti

MOSCOW, March 11 – RIA Novosti Russia since the beginning of the agricultural year to 9 March exported 19.244 million tons of wheat, up 0.4% from last year -. Thus, the export of wheat abroad in the current agricultural year for the first time exceeded the level of last season, it follows from the monitoring of Ministry of agriculture of the Russian Federation.

“On March 9, 2016 in the current agricultural year exported grain crops 25.962 million tons, including wheat – 19.244 million tons, barley – 3.632 million tonnes, maize – 2,868 million tons of other crops – 218 thousand tons “, – the ministry said, referring to operative data of the Federal customs service (FCS)

. In the 2014-2015 agricultural year by March 11, Russia exported 25.149 million tons of grain, including 19.172 million tons of wheat. According to the Ministry of Agriculture, in 2015, it has been collected 104.786 million tons of grain in net weight. The potential grain exports in the 2015-2016 agricultural year is estimated at 30 million tonnes, including 22 million tons of wheat.

The Ministry also noted a downward trend in wholesale prices of wheat and rye flour in the European part of Russia after a long period of growth. The average price of wheat flour premium as of March 11 amounted to 16.685 thousand rubles per ton (minus 0.1% for the week), the price of rye flour decreased by 0.2% – to 12.635 thousand rubles.

The average consumer price of bread from wheat flour 1 and 2 grades, according to Rosstat, March 9, compared with the previous week increased by 0.1% and amounted to 42.27 rubles per kilogram. Prices of rye and rye-wheat bread for the period increased by 0.2% – to 42.38 rubles per kg

Russia to stabilize the situation on the domestic grain market from 1 February, 2015 imposed a tax on exports. wheat. The first version of its formula with reference to the euro in force until 15 May, after which it was canceled. a new formula was introduced duties from July 1 – with reference to the ruble prices for grain, however, and it was changed in September. From October 1, the export duty on wheat is 50% of the customs value of minus 6.5 thousand rubles per ton, but not less than 10 rubles per ton.

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