Russia may not reach its expected harvest of 130 MMT of grain due to weather factors and a lack of spare parts for foreign equipment, the country’s ag ministry said on Friday. “Taken together, all of this creates risks in terms of reaching the grain harvest figure of 130 million tonnes,” the ministry said. If the country does not meet the planned volumes, the ministry said it will have to revise its export plans of 50 MMT for 2022-23.
Sharp jump in Russian wheat export tax... Russia’s wheat export tax for Aug. 10-16 will be 5,219.6 rubles ($86.24) per metric ton based on an indicative price of $369.40, up from 4,626.8 rubles the previous week. The tax is still well below levels when it was pegged to the U.S. dollar.
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