Export duty on wheat from Russia will increase by 1.8% from March 9
Wheat
Maize (Corn)
Barley
Russia
Published Mar 4, 2023
Original content
The export duty on wheat from the Russian Federation from March 9 will increase to 5,371.6 rubles from 5,275.2 rubles per ton, according to the Ministry of Agriculture. Growth will be 1.8%. The duty on barley will decrease to 3,548.8 rubles from 3,872.3 rubles, on corn it will increase to 2,740 rubles from 2,264.6 rubles per ton. The duties were calculated based on indicative prices: $302.2 per ton for wheat ($303.2 a week earlier), $252.5 for barley ($261.1), $237.1 for corn ($230.2). The new duties will be in effect through March 14, inclusive. From July 2022, duties are determined in rubles. The base price for calculating the export duty for wheat is set at 15 thousand rubles per ton, for barley and corn - 13.875 thousand rubles per ton. The duty is 70% of the difference between the base and indicative price. From June 2, 2021, the Russian Federation introduced a grain damper ...
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