ODA Market Alert: Russia considers a tax on barley and corn exports.

Russia 🇷🇺 is considering imposing a tax on exports of barley and corn of €10 and €25 per tonne, respectively, two sources, familiar with discussions at the government said today. According to one of the sources, the taxes are being considered for the period between Feb. 1 and March 31, 2021. Global and UK prices are reacting positively to the news, with 🇬🇧 UK wheat futures adding a further £1.25/t to yesterday’s £4.75/t gains.