Connect with us

Chinchilla News

Russia’s wheat export tax expected to deliver big pay day for Australian farmers

Published

on

ADVERTISEMENT


Russia is about to double its controversial wheat export tax, a decision tipped to have positive ramifications for Australian farmers.

The tax was introduced on February 15 by the Russian government in a bid to reduce rising domestic food prices.

The tax will double next week, on March 1, to 50 euro per tonne ($A76/t) before moving to a permanent floating tax in June.

Russia is the world’s largest exporter of wheat and has reportedly hit a record pace this month as exporters scramble to load as much wheat as…



Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

A Toowoomba activist and the youngest candidate in last year’s state election is…
Sunshine Coast to replace rubbish trucks with automated garbage disposal system