IKAR in Mass Media

Russia Grain Index Change Will Make Duty More Reactive

26 ноября 2021 года

A change to the calculation of Russia’s grain market indices will make weekly duties more reactive to price changes, Dmitry Rylko, director general at consultant IKAR in Moscow, said by email.

That will be “of low importance during flat market times and of high importance during rising or falling prices,” he said

Change removes already executed contracts, which previously were still in the system and influenced the daily index: IKAR

NOTE: Earlier, Interfax reported that Russia’s National Commodity Exchange changed its method for calculating grain market indexes effective from next week, citing a document and comments from the Russian Union of Grain Exporters Moscow Exchange confirmed the report, a spokesman said NOTE: Russia switched to a floating export tax from June 2; the duty is defined based on a price index published by the Moscow Exchange

Source: Bloomberg | #grain | Comments: 0 Views: 6

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