03.07.2021 – 13:56
Russian wheat exports have reached 36.2 million tons since the beginning of the current agricultural year, showing an increase of 7.1% compared to the same period a year ago, reports the Russian Ministry of Agriculture.
According to data published by the Federal Customs Service, total cereal exports amounted to 46.8 million tons during the current season, which began in July 2020. The figure marks a year-on-year increase of 10.3%.
Foreign sales of barley reportedly increased by 38.4% to 6.1 million tonnes, while corn exports reached four million tonnes, marking a three per cent increase.
Data released by the International Grains Council show that the price for Russian wheat with 12.5% protein has hovered around $ 251 per ton since June 17, seeing a weekly drop of 5.6%.
The grain export tax to Russia, which Moscow introduced on June 2 and which is changing every week, has risen to $ 41.30 per tonne. That reportedly boosted Russian exports in June.
In the previous agricultural season, which ended on June 30, 2020, Russian farmers reportedly exported 41.7 million tons of cereals, including 33.2 million tons of wheat. The ministry expects Russian wheat exports to a total of 48 million tons in 2020-2021.
Translated by RT