Grains - Grain Products

Cereals daily: consternation over Russia's export tariffs

December 18, 2020 at 10:09 AM, Der AUDITOR
Play report as audio

CHICAGO/PARIS. Buyers feel that Russia's export tariffs on wheat are a slap in the face. Weather conditions, meanwhile, spell distaster for corn production in South America.

15% decline in wheat production in Argentina

Spot market prices are up in Europe. The drivers are Russia's decisions to slap an export tariff of 15% and an export quota on the market as of 15 February as well as downward revisions in production estimates in Argentina. Production is expected to decline by more than 15% to 16.5m mt in Argentina over last year. Exporters in Russia are reportedly having difficulties obtaining licences. Traders reckon that they have good chances of obtaining cheaper imports of high-quality wheat in Australia. At 29m mt, production has ne

View related articles

Go to the News Overview
Grains
Nov 30, 2022
BEIJING/KYIV. According to official data, Ukraine harvested significantly less millet than in previous years, while the US Department of Agriculture predicts a similar crop for China as in 2021.
Grains
Nov 30, 2022
BEIJING/KYIV. According to the Ukrainian Ministry of Agriculture's data, significantly more buckwheat was harvested in 2022 than in the previous two years. Germany has increased its imports from Poland. Meanwhile, there is a lack of demand in the Chinese market.
Grains
Oct 28, 2022
BEIJING/KYIV. There is a lack of demand in the Chinese millet market. Meanwhile, the harvest in Ukraine is entering its final phase, with 93% of the acreage already harvested.
Grains
Oct 28, 2022
BEIJING/KYIV. In Ukraine, the buckwheat harvest is coming to a close, with about 90% of the acreage harvested so far. Meanwhile, demand in the Chinese market leaves much to be desired.