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Russia’s ‘Harsh’ Wheat Tax Plan May Prompt Sales Surge and Less Planting

  • Russia said to discuss a sliding-rate tax to start in June
  • Potential tax may cut the 2021 harvest by 2.6%: SovEcon

Russia’s proposal for additional wheat-export measures from June could prompt faster sales in the near term and discourage some spring plantings.

The biggest wheat shipper already is setting levies on grain shipments from mid-February through June, but it plans to replace them with a permanent tax as part of the response to President Vladimir Putin’s demand to keep food prices in check.