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→ IKAR in Mass Media → #1017 IKAR in Mass MediaRussian wheat prices flat ahead of state decision on export tax16 сентября 2015 года MOSCOW - Russian wheat export prices were little changed last week ahead of a government decision on whether to reduce a floating export tax introduced on July 1, analysts said on Monday. Industry players widely expect the government to reduce the tax, which stops traders from fully capitalising on Russia's weaker rouble. Agriculture consultancy IKAR put Black Sea forward prices for Russian wheat with 12.5 percent protein content at $180 per ton free-on-board (FOB) at the end of last week, down $1 from a week earlier. Another Moscow-based consultancy, SovEcon, had FOB prices up $1 at $181 per ton. The current duty formula is set at 50 percent of the customs price minus 5,500 roubles ($81) per ton but not less than 50 roubles per ton. The Agriculture Ministry has proposed raising the limit from 5,500 to 6,500 roubles, Vedomosti newspaper reported on Friday, a move later confirmed by Reuters. Russia exported 6.8 million ton of grain, including 5.3 million ton of wheat, between July 1 and Sept. 9, official customs data showed, down 22.5 percent from a year earlier. Domestic prices for third-class wheat fell 100 roubles from a week earlier to 10,000 roubles ($147) per ton in the European part of Russia on an ex-works basis, SovEcon said. SovEcon said average prices for sunflower seeds were up 1,500 roubles to 25,000 roubles per ton. Domestic sunflower oil prices fell 500 roubles to 56,000 roubles per ton while export prices rose $10 to $720-$730 per ton. IKAR's white sugar price index for southern Russia was at $596 per ton, down $20 from a week earlier. Source: AGWEEK.com | #grain | Comments: 0 Views: 118
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