Price: €11.00
Member Price: €0.00

Cereals daily: imports may hamper speculations

January 18, 2021 at 10:06 AM , Der AUDITOR
Play report as audio

CHICAGO/PARIS. Russia's gamble with export tariffs is driving up the wheat market sharply. Imports from Canada and Australia, where there are abundant supplies, could easily put a cap on this. The situation is similar for corn.

Russia's export tariffs drive up wheat futures

Russia intends to raise export tariffs on wheat to EUR 50/mt as of 1 March. A tariff of EUR 25/mt will apply as of 15 February. On top of this, Moscow will release 75,000 mt of grain from state reserves into the domestic market. Intervention stocks have allegedly shrunk to 200,000 mt and are to be replenished to 2.5-3.5 million mt in summer after the arrival of the new crop. Traders along the Rhine in France and Germany report that prices are rising by EUR 3.00-4.00/mt on a daily basis. This has prompted sellers to hold

View related articles

Go to the News Overview
Grains
Oct 29, 2025
KYIV/DALIAN. Ukrainian farmers have harvested around 60% less millet than at this time last year. Shipments to the EU have also fallen by 24%.
Grains
Oct 29, 2025
DALIAN/MOSCOW. The availability of the new crop is stabilising supply on the Chinese market. Ukrainian farmers have still not completed the harvest. Russia's crop is expected to fall to a 20-year low.
Organic Commodities
Oct 15, 2025
BUENOS AIRES/NEW DELHI. Crop damage in South America is forcing buyers to look for alternative countries of origin. India appears to be the logical choice.
Grains
Oct 8, 2025
DALIAN/KYIV. In China, the new crop has recently become available on the market. Ukrainian farmers have completed more than 70% of the harvest. EU countries have more than doubled their buckwheat imports.