러시아 소맥 insights

From August 27 to September 2, 2025, the benchmark price for Russian wheat and mixed wheat was $225.2 per ton, with an export tariff of 32.1 rubles/ton; in comparison, the benchmark price for August 20 to 26 was $224 per ton, with an export tariff of 0. On July 9 to August 5, 2025, Russia reduced the wheat export tax to zero. In January of this year, the tariff was as high as 4699.6 rubles ($59.87) per ton. The benchmark price for barley was set at $203.2 per ton, with an export tariff of 0; the previous week's benchmark price was $203.2 per ton, with an export tariff of 0. The benchmark price for corn was $218.7 per ton, with an export tariff of 0; the previous week's benchmark price was $218.7 per ton, with an export tariff of 0. On July 24, 2025, the Russian Ministry of Agriculture raised the threshold price for corn and barley tariffs by 1,000 rubles/ton, from 16,875 rubles to 17,875 rubles/ton, effective immediately. On June 21, 2024, the Russian Minister of Agriculture announced that the adjusted grain tariff threshold prices would take effect from July 1, 2024. On May 31, 2024, the Russian Ministry of Agriculture raised the price base for calculating grain tariffs by 1000 rubles/ton, with the wheat tariff threshold rising from 17,000 rubles/ton to 18,000 rubles/ton; the tariff threshold for corn and barley increased from 15,875 rubles to 16,875 rubles/ton. On May 29, 2023, the Russian government raised the grain tariff threshold prices by 2000 rubles/ton. Starting from June 1, 2023, the base price for calculating wheat tariffs was raised from 15,000 rubles to 17,000 rubles/ton, and the export base for corn and barley was also raised by 2000 rubles to 15,875 rubles/ton. On June 30, 2022, Russia announced that from July 6, 2022, it would change the tariff from being calculated in dollars to rubles. The calculation formula is to subtract the base of 15,000 rubles/ton from the wheat benchmark price and then multiply by 70%. The wheat benchmark price is calculated by the Moscow Exchange based on the FOB contract prices reported by exporters. The export base prices for barley and corn were also changed from $185/ton to 13,875 rubles, with the tax calculation formula being to subtract 13,875 rubles from the benchmark price and then multiply by 70%. The Russian Ministry of Agriculture implemented the formula for calculating taxes starting from June 2, 2021. On Monday, the Russian ruble exchange rate was 80.50 rubles to 1 dollar, compared to 79.85 a week earlier. Note: 1 dollar equals 80.50 rubles

Mild price movements, but a clear increase, occurred in the past week in the commodity markets in America and Europe. In Chicago, wheat increased by 0.1 percent, corn by 1.5 percent, soybeans by 1.5 percent, and rapeseed by 0.9 percent. In Europe, milling wheat increased by 0.5 percent, corn by 0.5 percent, rapeseed by 0.4 percent, and feed wheat by 0.6 percent compared to a week ago. Agricultural market attention is focused on Russia as they are nearing the end of the wheat harvest, with the next step being the entry of the Russian crop into the export market. American wheat may be in a better position because it is more competitive in the export market than in previous years, said Charlie Sernatinger, a member of the Marex analysis firm. He adds that the futures price of American wheat may decrease for another week before the situation reverses. "We are still watching the seasonal lows of wheat until next Friday," he added. The U.S. Environmental Protection Agency (EPA) ...

INTERFAX.RU - From August 1 to August 20, Russia exported 2 million 913 thousand tons of grain, which is 1.8 times less than in the same period last year (5 million 280 thousand tons), according to monitoring by the Russian Grain Union. As Elena Tyurina, Director of the Analytical Department of the Union, told Interfax, wheat shipments decreased by 44.6% to 2 million 510 thousand tons from 4 million 534 thousand tons a year earlier, barley by 41% to 323 thousand tons from 548 thousand tons, and corn by 2.5 times to 79 thousand tons from 197 thousand tons, respectively. "According to preliminary estimates, in August, shipments of the main types of grain will amount to 4.5 million tons, which is 2.3 million tons less than in August last year, when 6.8 million tons were shipped. Including 3.9 million tons of wheat against 6.1 million tons a year earlier," said Tyurina. According to her, in August, wheat was exported to 27 countries compared to 60 countries a year ago. The largest ...