Russia to raise wheat export duty to RUB 4,768.7 per ton from December 25

Published 2024년 12월 20일

Tridge summary

The Russian Ministry of Agriculture has announced increases in the export duties on wheat, meslin, barley, and corn effective December 25, 2024. The rates are calculated based on indicative prices of $240.4, $202, and $230 per ton for wheat, barley, and corn respectively. The duty rates, which are adjustable, will be published on the ministry's website and will be in effect until new rates are announced. The government had previously adjusted the basic export prices of these grains and introduced a 70% duty on the difference between the base price and the indicative price.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The duty on the export of wheat and meslin (a mixture of wheat and rye) from the Russian Federation will be increased to 4,768.7 rubles from December 25, 2024, against the current rate of 4,136.5 rubles per ton, according to the materials of the Ministry of Agriculture of the Russian Federation. The duty on barley will be 2,781.8 rubles against 2,185.3 rubles previously. The duty on corn will be increased to 4,804.8 rubles from the previous 4,393.3 rubles per ton. The export duty rate on wheat is calculated based on the indicative price of $240.4 per ton, on barley - $202 per ton, on corn - $230 per ton. On the application of duty rates As reported by the Russian Ministry of Agriculture, the rates of export customs duties are applied starting from the third working day after the day of their placement and are valid until the next rates of export customs duties are applied. Thus, the duty rates that were published on the website of the Ministry of Agriculture on December 20 are ...

Source: Kvedomosti