The export duty on wheat from Russia will decrease by 15.5% from August 31 to September 6, to 4,053 thousand rubles. from 4794.7 rubles. per ton a week earlier, according to the materials of the Ministry of Agriculture. The duty on barley will decrease from 3,092.1 rubles/ton to 2,729.3 rubles/ton, on corn — from 3,852.4 rubles/ton to 3,569.9 rubles/ton.
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The new indicators were calculated based on indicative prices: $348 per ton for wheat ($358.1 a week earlier), $297.5 for barley ($299.8), $317.6 for corn ($317.6). The current reduction in the duty on wheat is quite large in dollar terms, Elena Tyurina, director of the analytical department of the Russian Grain Union, told Agroinvestor. So, if a week earlier the duty was at the level of $81.1 per ton, now it is $67.7 per ton. This will increase the competitiveness of Russian wheat, Tyurina believes. According to her, over the past week, prices for wheat of the 4th class FOB Novorossiysk fell by an average of $12 per ton to $312 against $324 per ton a week earlier. Tyurina attributes this, in particular, to the reduction in duty and a good discount against European wheat (average $17 per ton). She believes that this can stimulate an increase in demand for Russian wheat, especially from the countries of Central and South Africa, where our country has significantly reduced supplies ...