The Russian agriculture ministry has revealed details of its new floating tax for agriculture exports that will cover the upcoming week of June 2-8, according to an official note published on Friday, confirming that wheat duties are set to fall but corn and barley duties will rise sharply. The wheat tax was put at $28.10/mt and is due to come
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Australia is China’s favourite punching bag. Beijing has put up tariff walls to block imports of Australian barley and wine, and anecdotal evidence suggests that the world’s second-biggest economy is refusing shipments of beef, coal, lobster and timber from Down Under. By most accounts, Australia’s government is being punished for speaking its mind. Among the offences: Prime Minister Scott Morrison’s
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New Zealand has decided to support Australia in its dispute with China on barley tariffs, signaling goodwill to work on differences in how to approach Beijing. The announcement came on Sunday when Prime Minister Scott Morrison arrived in New Zealand for a Monday summit with Jacinda Ardern. The talks were likely to be challenged by differences over China, the biggest
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