Russia: export duty on wheat annulled

The Russian government has annulled the wheat export duty for two years, Prime Minister Dmitry Medvedev said. “We have decided to annul the wheat export duty for the next two years. The grain market will receive an additional stimulus for growth as the result of this”, Medvedev said. Russia imposed the wheat export duty on…

Ukraine: wheat stocks down

According to Ukrainian office of statistics, as of August 1, stocks of grains and legumes were at 23.9 MMT, down by 2.5% YoY (24.5 MMT). Wheat stocks decreased by 5%, to 16.62 MMT against 17.54 MMT as of August, 1 2015. Barley stocks dropped by 5%, to 3.958 MMT. Corn stocks are 18% lower than…

Russia: Ministry of Agriculture changes structure

The Ministry of Agriculture of Russia has made changes to the structure of its central administration unit, abolishing the agricultural and food market regulation, food and processing industry and creating two separate divisions. The Department of Agro-Industrial Market Regulation will be headed by Vladimir Volik and will focus on the strategic planning and management of…

Ukraine: flour output down in July 2016

According to the official statistics figures, in July Ukraine produced 148.5 thousand tons of flour, down by 7% YoY. Ukraine dropped production volumes of all types of flour products. In particular, the production of wheat and wheat-rye flour decreased by 4% to 141.2 thousand tons, of flour from other grains – by 41% to 7.2…