Russian wheat exports estimation lower in 2015/16



Specific export tax may invoke Russian farmers to cut wheat exports in the 2015/16. mainmarkets of Russian wheat are Middle East and Mediterannean north Africa. The new wheat tax is set at 50 percent of the customs price per tonne minus 5,500 roubles (98 USD at current rate), but not less than 50 roubles per tonne. The rouble is volatile.