The export tariff on wheat will be reduced by 35% to 318.6 rubles per tonne starting from October 15.

INTERFAX.RU - The export duty on wheat from Russia from October 15 will be 318.6 rubles per tonne, down from 493.4 rubles a week earlier, reports the Ministry of Agriculture. Thus, the reduction amounts to 35%. The duty rate on barley remains zero, while the rate on corn will drop to zero from 348.9 rubles per tonne a week earlier. The rates were calculated based on indicative prices: $225.4 per tonne for wheat ($225.8 for the previous period), $196.5 for barley ($198.4), and $216.4 for corn ($221.8). The new rates will be in effect until October 21 inclusive. Russia introduced the grain buffer mechanism on June 2, 2021. It provides for floating duties on the export of wheat, corn, and barley and the return of the funds received to subsidize agricultural producers. The duty size is calculated weekly based on indicators ...