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Arable Farming
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Fertiliser Price Tracker
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<blockquote data-quote="PSQ" data-source="post: 7801883" data-attributes="member: 11374"><p>The Russian wheat export tax is calculated by taxing the value of all export sales over $200 at 70%, it’s currently around $58/t.</p><p></p><p>The Big Issue for the coming year is that Russian farmers are not benefiting from the upside in world grain prices, but they are still having to buy their Nitrogen and P&K at world prices, which is expected to impact on their fertiliser use for the 2022 crop. </p><p></p><p>The ‘unintended consequence’ of Putins export tax is that it could well shoot next years Russian crop production in the foot.</p></blockquote><p></p>
[QUOTE="PSQ, post: 7801883, member: 11374"] The Russian wheat export tax is calculated by taxing the value of all export sales over $200 at 70%, it’s currently around $58/t. The Big Issue for the coming year is that Russian farmers are not benefiting from the upside in world grain prices, but they are still having to buy their Nitrogen and P&K at world prices, which is expected to impact on their fertiliser use for the 2022 crop. The ‘unintended consequence’ of Putins export tax is that it could well shoot next years Russian crop production in the foot. [/QUOTE]
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