No wheat export duty

Moscow
Russia’s government said on Friday it had decided to lift a wheat export duty. On its Twitter feed, the government said: “The decision has been taken about the abolition of the export duty on wheat.”
Russia, one of the world’s major wheat exporters, initially imposed the tax from Feb. 1 until June 30 to cool domestic prices and food inflation after the rouble tumbled late last year.
But Russian wheat prices have been falling and buyers have been betting on an export tax removal.
The removal of a wheat export duty will allow Russia to increase wheat exports by 1 million tons, Interfax news agency quoted the government as saying on Friday.
Meanwhile, Russian Agriculture Minister Nikolai Fyodorov has said that the ministry has yet to decide whether a wheat export tax should be extended for the next 2015/16 marketing year and whether to lift a ban on some Western food products.