Russia to lower wheat export duty to RUB 4,346.1 per ton from January 13

The duty on the export of wheat and meslin (a mixture of wheat and rye) from the Russian Federation will be reduced to 4,346.1 rubles from the current rate of 4,768.7 rubles per ton until January 12, 2024, according to the materials of the Ministry of Agriculture of the Russian Federation. The duty on barley will be 2,220.1 rubles against 2,781.8 rubles previously. The duty on corn will be reduced to 4,366.5 rubles from the previous 4,804.8 rubles per ton. The export duty rate on wheat is calculated based on the indicative price of $240.8 per ton, on barley - $199.4 per ton, on corn - $229.9 per ton. These rates will be valid until January 14 inclusive. About adjustment of rate calculations At the end of June, the Russian government adjusted the calculations of export customs duties on grain: base export prices were increased by 1 thousand rubles per ton for wheat, meslin, barley and corn. Thus, base export prices for wheat and meslin were increased from 17 thousand rubles to 18 ...