Business
Russia’s wheat export tax expected to deliver big pay day for Australian farmers – ABC News
Russia is about to double its controversial export tax on wheat. What could it mean for Australian farmers?
Russia is about to double its controversial wheat export tax, a decision tipped to have positive ramifications for Australian farmers.
Key points:
- On March 1, Russia will double its export tax on wheat to 50 per tonne
- The tax in Russia is set to increase demand and prices for Australian wheat farmers
- Australia has just harvested its biggest wheat crop on record
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…
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