Russia last month exited a deal that ensured a safe corridor for Ukrainian exports from three Black Sea ports By Keira Wright and Megan Durisin (Bloomberg) –Wheat extended gains after Ukraine used sea drones to cripple a Russian naval vessel and an oil tanker over the weekend, posing a risk for a… Continue reading Wheat climbs as Ukraine attack poses risk for key Russian export route
Tag: wheat
India might cut or abolish wheat import tax: Food Secretary Sanjeev Chopra
India in June imposed a limit on the amount of wheat stocks traders can hold, for the first time in 15 years, to bring down prices. By Mayank Bhardwaj NEW DELHI (Reuters) -India is considering cutting or abolishing import taxes on wheat, Food Secretary Sanjeev Chopra said on Friday, as the world’s second-biggest… Continue reading India might cut or abolish wheat import tax: Food Secretary Sanjeev Chopra
As prices rise, wheat duty cut likely to come under the review again
Wheat prices have once again risen to Rs 2,500 per quintal in the past few weeks, notwithstanding the imposition of stock limits. As a result, traders and market players believe that the long-pending topic of reducing the import duty from 40 per cent to nil is back on the table. Some traders are… Continue reading As prices rise, wheat duty cut likely to come under the review again
Chicago wheat falls after Russian attack on Ukraine port renews worries
Chicago wheat slid for a sixth consecutive session on Wednesday, after sharp gains overnight as supply jitters caused by a Russian strike against a Ukrainian port were tempered by strong Russian exports and signs Moscow is open to reviving a Black Sea corridor deal. Soybeans dipped to nearly one month lows and… Continue reading Chicago wheat falls after Russian attack on Ukraine port renews worries