Tax Crackdown in Russia Boosts Grain Traders’ Profits
Successful Farming – 2/19/2018
A Russian crackdown on tax avoidance in the agriculture sector has been a boon for its
grain traders, allowing them to buy directly from farmers an cut out a complex web of middlemen. Traders include big international commodities houses an some traders said profit margins on Russian grain had turned positive since the crackdown last year and now compare favourably with much of the business conducted in the European Union.
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Russian Wheat Exports Back Up to Full Speed: Ministry
Bloomberg – 2/18/2018
Russian wheat exports hit their highest weekly total since before Christmas as weather issues subsided and sellers made efforts to clear a backlog of delayed vessels, data from the ministry of agriculture showed Monday. Weekly wheat volumes leaving Russia in the week to February 14 hit 914,000 mt, pushing total sales up to 25.43 million mt. Total wheat sales are now 39.3% higher than at the same stage last year as exporters have sold a record-breaking harvest on the international market.
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Myanmar, Vietnam Major Markets for Australia’s Boxed Wheat
Grain Central – 2/12/2018
Myanmar was Australia’s major containerised wheat market in the second half of 2017, according to export data released by the Australian Bureau of Statistics (ABS). The Southeast Asian nation imported 179,929 tonnes of boxed wheat in total in the July-September and October-December quarters, with Vietnam importing the second-largest containerised tonnage of 131,228t in the same period, and Malaysia ranked third with 108,023t.
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NAWG’s Top Hand Chandler Goule Takes the Temperature of Policy Leaders in D.C. on Next Farm Bill
High Plains Journal – 2/18/2018
Oklahoma Ag Network Farm Director Ron Hays had the chance to catch up with Chandler Goule, chief executive officer of the National Association of Wheat Growers, during the American Farmers & Ranchers Convention this past weekend where Goule updated members on current issues facing the wheat industry. Hays and Goule touched on several topics during their conversation, particularly though the status of the upcoming Farm Bill.
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Source: U.S. Wheat Associates