In Russia, the duty on wheat exports will increase from February

Published 2024년 2월 2일

Tridge summary

From February 7 to 13, Russia will increase its export duty on wheat, barley, and corn. The duty on wheat will be 3804.6 rubles per ton, barley will be 827 rubles, and corn will be 1339.8 rubles per ton. These rates are based on indicative prices of $251.1 per ton for wheat, $190.9 for barley, and $199.1 for corn. The revenue from these duties will be used to subsidize domestic grain producers.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The duty on the export of wheat from Russia from February 7 to 13 inclusive will increase to 3804.6 rubles per ton, on the export of barley - to 827 rubles, on the export of corn - to 1339.8 rubles per ton, follows from data from the Ministry of Agriculture. The export duty rate for wheat and meslin (a mixture of wheat and rye) is calculated at an indicative price of $251.1 per ton, for barley - $190.9, for corn - at a price of $199.1 per ton. The duty for the export of wheat from Russia from January 31 to February 6 inclusive is 3,630.2 rubles per ton, for the export of barley - 512 rubles per ton, for the export of corn - 926 rubles per ton. Russia applies a flexible export duty on wheat, corn and barley, which operates within the framework of the grain damper mechanism. For the calculation, data on the price of export contracts registered on the exchange and ...
Source: Milknews

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.