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…

Belarus reports $1.9 billion commodity trade deficit in January-July 2016

Belarus’ foreign trade deficit stood at $1.934 billion in January-July against $1.457 billion in January-July 2015, according to the National Statistics Committee (Belstat). Commodity exports decreased by 18.6% YoY in January-July to $13.116 billion, while imports decreased by 14.4% MoM to $15.05 billion. Exports from Belarus included $7.761 billion worth of supplies to the CIS…