# Consequences of state regulation of Russian wheat exports

> Russia's 2020 wheat crop was the second largest on record, but the government set a 17 million tonne export volume limit and a wheat export tariff of EUR 25/t from February 15, doubled from March 1. Shipments peaked just before the tariff took effect and then fell sharply. Uncompetitive pricing has added to the slowdown.

- Date: 2021-03-16 · published 2021-03-16T12:00:00.000Z
- Category: policy · region Russia · magnitude medium
- Page: https://feedsoft.ai/events/47998-consequences-of-state-regulation-of-russian-wheat-exports
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

State export limits and tariffs reduce Russian wheat supply to world markets, which supports global wheat prices. Importers should expect continued tightness in Black Sea wheat until the policy changes.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-10-08 | [New Russia Wheat Export Restrictions Feared](https://feedsoft.ai/events/44408-new-russia-wheat-export-restrictions-feared.md) | +1.6% | +13.2% |
| WHEAT | 2022-08-28 | [Exports of more wheat-related products banned; rice prices stable \| Mint](https://feedsoft.ai/events/39993-exports-of-more-wheat-related-products-banned-rice-prices-stable-mint.md) | +0.5% | +4.4% |
| WHEAT | 2022-05-14 | [India says ban on wheat exports is to check unregulated trade \| Reuters](https://feedsoft.ai/events/41368-india-says-ban-on-wheat-exports-is-to-check-unregulated-trade-reuters.md) | +4.0% | -0.3% |
| WHEAT | 2021-01-27 | [Analysts weigh up wheat price expectations, following Russian export curbs](https://feedsoft.ai/events/49197-analysts-weigh-up-wheat-price-expectations-following-russian-export-curbs.md) | -10.0% | -0.5% |
| WHEAT | 2023-05-24 | [Ban on wheat exports, curbs on rice shipments to stay](https://feedsoft.ai/events/35894-ban-on-wheat-exports-curbs-on-rice-shipments-to-stay.md) | -2.4% | -2.7% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/consequences-of-state-regulation-of-russian-wheat-exports/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.