Russia increased wheat exports by 9%

© RIA Novosti / Alexander Krauledat in fotomontage of the wheat harvest. Archival photoRussia increased wheat exports by 9%© RIA Novosti / Alexander Krajevima the image Bank

Russia since the beginning of the agricultural year 2016-2017 (July 1, 2016) on June 14, exported 26,292 million tons of wheat, which is higher than last year by 9%, to the monitoring of the Ministry of agriculture of the Russian Federation.

In total, according to the Federal customs service (FCS), on June 14, 2017 in the current agricultural year exported 34,278 million tons of grain crops (3% more than in the same period last season), including 26,292 million tons of wheat, of 4.91 million tonnes of maize and 2,812 million tonnes of barley.

In the 2015-2016 marketing year to 15 June, Russia exported 33,279 million tons of grain, including 24,111 million tons of wheat. Grain exports last season was 33.9 million tons, including 25 million tons of wheat. Russia’s agriculture Ministry expects grain exports in the current agricultural year will make up 34-35 million tons, including 27 million tons of wheat.

The Ministry also notes a trend of rising wholesale prices of wheat and rye flour in the European part of Russia. The average price of wheat flour as at 13 June amounted to 15.3 thousand rubles per ton (plus 0.6% for week). The price of rye flour compared to the previous week increased by 1.1% and amounted to 11,745 thousand rubles per ton.

Average consumer prices for bread from wheat flour, according to Rosstat, on June 13, compared with the previous week has not changed and amounted to 44,87 rubles per kilogram. Prices for rye-wheat bread for this period increased by 0.2% and amounted to 45,28 rubles per kilogram.

In February 2015 in Russia to stabilize the situation on the domestic grain market was introduced export duty on wheat. Tuesday, September 23, 2016, the fee to zero for a period of 21 months — until July 1, 2018. Deputy Prime Minister Arkady Dvorkovich said that Russia has no plans to return the export duty, and the head of the Ministry Alexander Tkachev said that it will be used only at force majeure.