Business & Finance

Reuters first to report Russia’s wheat export tax hike; market reacts

Reuters was first to report that Russia, one of the world’s largest wheat exporters, plans to double its export tax on wheat. Reuters was also ahead of the competition reporting confirmation of the plans by the Russian economy minister. Read in Eikon.

Market Impact

The news boosted wheat prices in Chicago and Paris on expectations the higher Russian tax could make wheat from other countries more attractive to buyers.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Europe
Win Types: Speed
Media Types: Text
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