Russia: July wheat shipments lower because of export tax


Wheat exports decline to 1.5 million tonnes in July compared to year earlier because of a tax on foreign sales of wheat launched on July 1. Customs officials and traders clashed over the level of the tax. In June Russia exported a record amount of grain. For the 2014/15 marketing year, which ended on June 30, Russia exported a record 31.5 million tonnes of grain.... 

Turkey became the largest buyer of Russian wheat last year, pushing Egypt into second place. Iran was the third-largest buyer after it doubled purchases compared with the previous season. Barley exports reached a record 5.3 million tonnes in 2014/15. More than half going to Saudi Arabia and Iran also became a large buyer of Russian barley.