Volga Baikal AGRO NEWS Update on the Introduction of Export Duties in Russia !!! Ministry of Economic Development has clarified the parameters for calculating export duties on grain. Permanent “floating” duty will be introduced on wheat, corn and barley. From the new season in Russia, on a long-term basis, a “floating” export duty on wheat,…
Volga Baikal AGRO NEWS Update on Wheat Duty Question !!! The market is discussing a possible floating duty on wheat. But this measure can be too harsh for the market. The Ministry of Economic Development considers it necessary to work out and introduce from the new season an automatic and long-term mechanism for calculating export…
Volga Baikal AGRO TELLS the HISTORY of the DEVELOPMENT of the AGRICULTURE !!! What is AGRICULTURE? Agriculture is a branch of the economy that produces food products and vegetable raw materials for industry. It is subdivided into crop and livestock production. The transition from an appropriating economy to the independent cultivation of animals and plants took…
Volga Baikal AGRO NEWS Update on the Russian Wheat Exports !!! Less than 171 000 tons of grain left in the intervention fund. Trading of the grain from the intervention fund, which took place on January 20, 21 and 22 at the site of the National Mercantile Exchange (NAMEX), ended unsuccessfully – not a single ton…
Volga Baikal AGRO NEWS Update on the Spring Planting Outlook in the USA !!! THE GOOD NEWS: THE DRIEST SPRING PLANTING CONDITIONS IN 9 YEARS. THE BAD NEWS: A VERY DRY YEAR CONTINUING IN 2021. 2020 is almost in the history books, so let’s talk 2021 spring planting weather. Wait a second … we just…
Volga Baikal AGRO NEWS Update on the Russian Grain Export Market !!! The Russian government has approved and finalized the decisions to impose exports taxes above the previous decision to setup grain export quota, and this even with near-record grain harvest with more than 132 million tons. How does this threaten the Russian agriculture and…
Volga Baikal AGRO NEWS Update on the Russian Wheat Exports !!! Export prices for wheat go down. Importers are not ready for prices above $ 300 per ton. According to the Institute for Agricultural Market Studies (IKAR), by the end of last week export prices for Russian wheat with 12.5% protein decreased by $ 2…
Volga Baikal AGRO NEWS Update on the Winter Crops Codition !!! The situation with winter crops has improved. Analytical center SovEcon raised the forecast for the wheat harvest in 2021 from 76.8 million tons up to 77.7 million tons due to the changed weather conditions, reports Reuters. Precipitation and significant snow cover significantly improved the situation…
Volga Baikal AGRO NEWS Update on the Barley Growth Prospects in 2021 !!! Strong barley prices will continue in 2021 !!! Weather-related impacts and greater demand are key factors !!! Canadian analyst Jerry Klassen advises not to miss a chance to make good money on the barley production in 2021: As we look toward the…
Volga Baikal AGRO NEWS Update on the Forecast for the Export of the Russian Wheat !!! According to the experts of the agro-industrial complex, in 2021 Russia can sharply reduce the export of wheat. The reason is the persistence of high domestic prices, taking into account the plans to introduce an export duty. This season,…
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