Russia wheat export business is getting slow due to unclear export tax
for new wheat.The floating tax formula, to be launched from July 1, is
intended to stop exports surging if the rouble drops steeply.Local
currency fluctuation since mid -2014 discourages wheat exporters.The tax
formula was prepared by Russia's Economy Ministry and approved by the
government in May. The tax is set at 50 percent of the customs price per
tonne, minus 5,500 roubles ($103), but not less than 50 roubles per
tonne.But there is no time frame for when custom would apply this and at
what level
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