Bloomberg: Russia's actions will lead to an increase in wheat prices

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The likelihood of limiting the supply of Russian wheat to world markets raises concerns of traders and pushes Egypt to take exceptional measures. Bloomberg writes about a possible increase in grain prices as a result of Moscow's actions.

This week the Russian authorities will discuss the need to increase export duties on wheat. Egypt, as a major buyer of Russian agricultural products, has received a very small number of offers for grain shipment since June, and at rather high prices.



Protectionist measures in grain markets and attempts by many countries (Russia, Argentina, etc.) to restrict export supplies and increase sales of products to their population in order to reduce domestic prices lead to a decrease in global supply - futures quotes in world grain markets are close to the highest rates for last few years.

An increase in the Russian export duty could change the price of wheat, which they will have to export and export from Russia

- says Carlos Mera, senior analyst at Rabobank.

In the coming days, the issue of changing the duty will be considered at a meeting of the Russian commission on customs and tariff regulation. According to representatives of the Russian Union of Grain Exporters, appropriate measures are being taken by the markets at the international level, and the Russian Federation will have to discuss the possibility of raising the tax.
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  1. Just a cat
    Just a cat
    +1
    13 January 2021 17: 56
    our answer to all sorts of BLM ... there will be more starving blacks.
    1. Oleg Rambover
      Oleg Rambover
      -3
      13 January 2021 18: 13
      You reminded me of an anecdote:

      -Dad, dad, the price of vodka has gone up! Will you drink less now?
      -No sonny, now you will eat less.
      1. Just a cat
        Just a cat
        +2
        13 January 2021 18: 37
        Dad, do you have money for ice cream? No sonny, there is money for vodka, no money for ice cream.

        Nearby Russia runs 30 million more pleasant to the eye, not frightened white blacks. What do we care about blacks? More than a billion are hungry in the world.
        1. Oleg Rambover
          Oleg Rambover
          -7
          13 January 2021 20: 55
          Quote: Just Cat
          Nearby Russia runs 30 million more pleasant to the eye, not frightened white blacks.

          I do not quite understand who you are about, about Russian slaves in Chechnya?
          It's just funny, you are so happy about the starving blacks, but you didn't deign to think about what would happen to the price of bread (and meat) in the Russian Federation after the rise in grain prices.
          1. The comment was deleted.
  2. Shelest2000
    Shelest2000
    0
    13 January 2021 18: 17
    It would be better not to wheat, but to sell its processed products.
    1. Petr Vladimirovich
      Petr Vladimirovich
      +1
      13 January 2021 18: 34
      Yes, the same pasta, or as it is now fashionable to say PASTA ...
      1. Just a cat
        Just a cat
        +1
        13 January 2021 18: 43
        Better burgers. they are more popular and more expensive. BEACH packages will go well too ...
    2. Just a cat
      Just a cat
      +1
      13 January 2021 18: 37
      Wheat moonshine? laughing
      1. Shelest2000
        Shelest2000
        0
        15 January 2021 18: 47
        Flour. It is much more expensive in international markets than just wheat. It's like oil and gasoline - the same difference.
  3. Sergey Latyshev
    Sergey Latyshev
    0
    13 January 2021 23: 02
    And what? The stump is clear, if many limit supplies, then prices will rise.

    The analyst speaks as if for the stupid:

    An increase in the Russian export duty could change the price of wheat, which they will have to export and export from Russia

    The duty will rise - and the price will rise exactly for the grain of the Russian Federation.

    I wonder how much other leaders are selling - Argentina, etc. and for how much
    1. Petr Vladimirovich
      Petr Vladimirovich
      0
      14 January 2021 14: 27
      On the question of grain and Argentina. Colleague on the hobby forum, 60+, resident of the country. When he does not make models and does not fly on them, he works without straining at all. belay He said that if there is developed socialism anywhere, it is here ...