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RUSSIA WHEAT EXPORT TAX

MOSCOW, January 12, 2021 Russia is considering raising its wheat export tax from the currently planned 25 euros ($30) per tonne between Feb. 15 and June 30, the head of the Russian Grain Export said on Monday. Russia, one of the world’s largest wheat exporters, is trying to stabilise domestic food prices with the wheat export levy

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Daily Market Wire – January 12, 2021

Chicago wheat March contract down US4 c/bu to 634.75c; Kansas wheat Mar contract down 0.75c/bu to 594c; Minneapolis wheat Mar contract down 1.75c/bu to 606c; MATIF wheat Mar contract up €1.25/t to €218; Corn Mar contract down 4c/bu to 492.25c; Soybeans Mar contract down 2.25c/bu to 1372.5c; Winnipeg canola Mar contract up C$7.60/t to $672.80; MATIF rapeseed Feb contract unchanged at €440;

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China’s Rising Bakery Sector

Beijing – January 12, 2021 China’s Rising Bakery Sector China’s bakery sector has been expanding rapidly in recent years, underpinned by the country’s rising middle class, ongoing Westernization of lifestyles and diets, and increasing demand for convenient food options. Euromonitor International estimates retail sales of baked goods (packaged and unpackaged) in China at $34 billion

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